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Winner: Trade of the Week for October 10 to 14, 2011

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?

EUR/USD Long by Amateurdefinance

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: Trade of the Week for October 10 to 14, 2011

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!

Submission: Trade of the Week for October 10 to 14, 2011

I know you’ve all been dying to share what you’ve learned from the School of Pipsology. Now’s your chance to wow your fellow pipsters with your fantastic forex analysis! You can now submit your brilliant trade ideas to be chosen as the trade of the week for October 10 to 14, 2011.

  1. Create your very own thread under the Readers’ Choice: Trade of the Week forum.
  2. Make sure you follow the simple format stated in the official rules and regulations of the contest.
  3. Watch fellow forex fanatics vote for your trade!

Throw your trade idea in the mix before it’s too late! The submission period is only from 3:00 am EST to 12:00 midnight EST Friday, October 7, 2011. Just remember to post your trade ideas under a new thread in the Readers’ Choice: Trade of the Week forum.

Don’t have a trade idea to share? Not a problem! You can still participate by casting your vote for the Trade of the Week! The polls will open 12:00 midnight EST on Friday (October 7, 2011) and will close 12:00 midnight EST on Sunday (October 9, 2011).

If you have any other questions, you can check out the official rules and regulations of the contest, or you can hit me up with some comments below.

So what are you waiting for? Submit your ideas NOW!