Among five brilliant trade ideas, one stood out from the rest.
Ladies and gentlemen, give it up for this week’s Trade of the Week winner, amateurdefinance!
His brilliant trade idea to go long EUR/USD garnered the most votes and landed him a place in the Trade of the Week Hall of Fame.
Let’s take a look at his idea, shall we?
Long or Short: Long
Entry Point: 1,3510 (buy-stop over falling trendline)
Stop Loss: 1,3348 (162 pips)
Profit Target/s: 1,3672 / 1,4008 / 1,4551
Reward-to-risk Ratio: 1:1 / 3:1 / 6.4:1
Risk percentage: 1%
Indicators used: Fibonacci, Stoch, and MACD, Japanese Candles
Head on over to amateurdefinance’s post to read more about his trade idea. Congratulations, buddy!
For those who didn’t win, don’t give up! Put your thinking caps on for this brand new week and keep your eyes peeled for ’em sexy setups! Who knows, it may be your name that I’ll proudly be announcing next week!
Voting
The entries are in and you know what that means – it’s time to exercise your setup-spotting skills! Looks like most of the guys are bullish on the euro, but which one of these trade ideas will most likely earn you pips next week?
- USD/JPY Long by littlebopip
- EUR/USD Long by amateurdefinance
- EUR/USD Long by jabroni
- EUR/USD Long by Don John
- USD/CAD Long by pipballer
Cast your vote on the poll below and tune in on Sunday (October 9, 2011) at 12 midnight EST to see which idea won as the Trade of the Week!
