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Winner: 2011-9-26 00:49

The votes are in and the people have spoken! We had five submissions but unfortunately, there can only be one winner for the Trade of the Week Contest for September 26 to 30, 2011!

Congratulations to Pip Devil! His EUR/USD setup stood out from the rest and took in the most votes!

Here’s a look at his EUR/USD Short trade idea:

EUR/USD Short By Pip Devil

Long or Short: Short
Entry Point: 1.3600
Stop Loss: 100 pips (should be above trend line)
Profit Target/s: 1.3350 (new lows)
Reward-to-risk Ratio: roughly 2.5:1
Risk percentage:2%
Indicators used: None
Trade Rationale: Read more…

Pip Devil, you are the man! This marks the third time that you’re heading to the Trade of the Week Hall of Fame!

If you didn’t win this week, don’t sulk for too long! Just get back on that horse and keep submitting your trade ideas!

Voting: 2011-9-24 00:01

Boy, do we have a tough decision to make this week! Five awesome trade ideas were submitted, but only one shall become the Trade of the Week for September 26 to 30, 2011. Which of the following will it be?

Remember, you only have until 12:00 am EST on Monday, September 26, 2011 to decide, so better cast your vote now!

Submission: 2011-9-23 23:45

Got a setup that you want to share to the other forex peeps? Grab your opportunity right here!

Whether you’re the grand master of forex or a newbie who just wants to test your newfound knowledge, you’re invited to share your trade ideas to the community. Just follow the easy steps below:

  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!

Remember that submission is only until 12:00 am EST on Friday, September 23, 2011. Voting begins right after that so start putting up those winning setups!