<![CDATA[BabyPips.com Forex Forum - Readers' Choice: Trade of the Week]]> http://forums.babypips.com/ Got a bet-the-farm trade idea that you think the rest of the FX world ought to know? Why don’t you put your pips where your mouth is? Join the latest competition that will rock the world of currency trading! en Fri, 24 May 2013 22:45:46 GMT vBulletin 60 http://forums.babypips.com/images/misc/rss.png <![CDATA[BabyPips.com Forex Forum - Readers' Choice: Trade of the Week]]> http://forums.babypips.com/ GBP/USD Short http://forums.babypips.com/readers-choice-trade-week/54179-gbp-usd-short.html Thu, 23 May 2013 06:09:59 GMT New trade idea! A bit far from triggering, but if price does manage to get up there, I think it's going to be a very high probability trade.

Name: gbpusdh1.jpg Views: 87 Size: 20.0 KB

Long or Short: Short
Entry Point: 1.5150
Stop Loss: 1.5200
Profit Target: 1.5030
Risk Ratio: 2.4:1
Risk involved: 2% of account
Indicators: None

Rationale:

- Bernanke hinted yesterday that the Fed could start withdrawing its monetary policy if conditions improve (basically confirmed what the market had previously speculated -- definitely dollar bullish)
- 61.8% Fib and former broken low lines up nicely
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]]> pip drop http://forums.babypips.com/readers-choice-trade-week/54179-gbp-usd-short.html USD/CHF long http://forums.babypips.com/readers-choice-trade-week/54177-usd-chf-long.html Thu, 23 May 2013 04:42:57 GMT *USDCHF 1H Image: http://i43.tinypic.com/aua5tz.png long* *entry:* buy at .9760 *stop loss:* .9700 *profit target:* .9900 *explanation:*... USDCHF 1H


long
entry: buy at .9760
stop loss: .9700
profit target: .9900
explanation: uptrend, going with overall USD strength, SNB determination to defend CHF and economy ]]> jenesaisquoi http://forums.babypips.com/readers-choice-trade-week/54177-usd-chf-long.html Euro/gbp short http://forums.babypips.com/readers-choice-trade-week/54167-euro-gbp-short.html Wed, 22 May 2013 18:56:23 GMT Euro/gbp weekly short entry point:0.8770 stop loss :0.8950 profit taken: 0.8221 explanation: The downtrend channel and the strong... Euro/gbp weekly

short
entry point:0.8770
stop loss :0.8950
profit taken: 0.8221
explanation: The downtrend channel and the strong resistance both indicates that euro should go short against pound sterling.......till the falling trend line continue's it hold and touches the strong support level.....Name: ScreenHunter_116 May. 22 23.53.jpg Views: 133 Size: 38.2 KB
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]]> devcoolfxtrader http://forums.babypips.com/readers-choice-trade-week/54167-euro-gbp-short.html AUD/USD (Short) http://forums.babypips.com/readers-choice-trade-week/54080-aud-usd-short.html Mon, 20 May 2013 11:29:07 GMT Time frame 4H Short Entry price 9.800 Stop loss at 9.850 (50 pips) Profit target at 9.600 (200 pips) The Aussie has been in a strong down... Time frame 4H
Short
Entry price 9.800
Stop loss at 9.850 (50 pips)
Profit target at 9.600 (200 pips)

The Aussie has been in a strong down trend against the USD since 11th April. The 4H chart shows that it reached support at 9.712 on Friday 17th May when it started a retracement pattern to its previous support level at 9.789. Henry Liu's currency outlook give the USD a strong outllook score of 56 against the Aussie's score of 47. See Henry's method of calculating the currency outlook score here [URL="http://www.currencynewstrading.com/fundamental-analysis/"].


I have set a sell limit on the pair at 9.800.

Here is a screen shot of the 1H chart.

Name: AUD:USD Mon 20:5:13.jpg Views: 75 Size: 43.9 KB
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]]> tellboy http://forums.babypips.com/readers-choice-trade-week/54080-aud-usd-short.html Trade of the week on traderexpirience http://forums.babypips.com/readers-choice-trade-week/54073-trade-week-traderexpirience.html Mon, 20 May 2013 08:02:49 GMT Attachment 46130 (http://forums.babypips.com/attachment.php?attachmentid=46130) Sharing my other success :) with traderexperience.com and the 60... Name: 26022013.jpg Views: 76 Size: 33.9 KB


Sharing my other success :) with traderexperience.com and the 60 seconds trading platform. 60 Second binary options trading platforms like this one. is a new innovation in the binary markets, which was first introduced at the end of 2011 by some of the market leaders like this one.

Enjoy.
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]]> Sophielamm http://forums.babypips.com/readers-choice-trade-week/54073-trade-week-traderexpirience.html buy AUDUSD http://forums.babypips.com/readers-choice-trade-week/54069-buy-audusd.html Mon, 20 May 2013 05:29:40 GMT trend looking reversed in hourly charts of audusd.. entry price 0.9780 sl at 0.9710 target 1 at 0.9840 target 2:at 0.9880 . this is my first... trend looking reversed in hourly charts of audusd..
entry price 0.9780
sl at 0.9710
target 1 at 0.9840
target 2:at 0.9880 . this is my first call here based on my little knowledge. lets see. ]]> rajkumar85 http://forums.babypips.com/readers-choice-trade-week/54069-buy-audusd.html My EUR/GBP Chart Art http://forums.babypips.com/readers-choice-trade-week/54063-my-eur-gbp-chart-art.html Sun, 19 May 2013 23:18:12 GMT Here is a little trade idea I will be watching this coming week and possibly into next week. EUR/GBP 4H Chart (Accidentally cropped it out)... Here is a little trade idea I will be watching this coming week and possibly into next week.

EUR/GBP 4H Chart (Accidentally cropped it out)


Falling wedge. I personally am biased to the breakout of the falling trendline with the a long position looking for profit at the 50% Fib @ 0.851 as well as the 61.8% Fib @ 0.854.

Red: 200EMA
Yellow: 100EMA
Green: 50EMA

Any thoughts? ]]> supaH http://forums.babypips.com/readers-choice-trade-week/54063-my-eur-gbp-chart-art.html AUD/JPY (Short) http://forums.babypips.com/readers-choice-trade-week/54010-aud-jpy-short.html Fri, 17 May 2013 02:37:24 GMT AUD/JPY, Daily Long or Short: Short Entry Point: 100.680 Stop Loss: 101.000 Profit Target 1: 99.200 Profit Target 2: Objective open Trade... AUD/JPY, Daily

Long or Short: Short
Entry Point: 100.680
Stop Loss: 101.000
Profit Target 1: 99.200
Profit Target 2: Objective open
Trade Explanation: Fundamental - Aussie has been sold off, price should remain under pressure even in view of relief; and with equities still at a high across the world, should risk aversion kicks in, this AUD/JPY cross likely to provide a double whammy.
Technical - Price action broke out of the wedge pattern to the downside. As trading nears close of week, the PT1 targets bottom Ichimoku cloud at 99.200. PT2 will be kept open should price action shows downside momentum (on Weekly, MACD has shown a crossover).
SL has been moved to BE, currently at +80 pips.
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]]> SuperStanmon http://forums.babypips.com/readers-choice-trade-week/54010-aud-jpy-short.html AUD/CAD long http://forums.babypips.com/readers-choice-trade-week/54009-aud-cad-long.html Fri, 17 May 2013 01:55:49 GMT *AUDCAD weekly Image: http://charts.mql5.com/1/572/audcad-w1-oanda-corporation.png long entry:* buy at market (.9970) *stop loss:* .9870... AUDCAD weekly



long
entry: buy at market (.9970)
stop loss: .9870
profit target: to be determined (maybe 1.0500)
explanation: risk is worth taking considering the very nice RR (>5:1). solid support, potential reversal. ]]> jenesaisquoi http://forums.babypips.com/readers-choice-trade-week/54009-aud-cad-long.html GBP/USD: Long http://forums.babypips.com/readers-choice-trade-week/53974-gbp-usd-long.html Thu, 16 May 2013 07:21:28 GMT GBP/USD, 4-hour Attachment 45956 (http://forums.babypips.com/attachment.php?attachmentid=45956) Long or Short: Long Entry Point: Market... GBP/USD, 4-hour

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Long or Short: Long
Entry Point: Market (1.5214)
Stop Loss: 1.5120
Profit Target: Initially at 1.5400, but adjust depending on the strength of the bounce
Trade Explanation:

- Upgrade of U.K.'s growth outlook and reduction of inflation forecast
- Resiliency of the pound versus other currencies against the dollar
- Bounce at a major support
- RSI is below 30.0
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]]> pip drop http://forums.babypips.com/readers-choice-trade-week/53974-gbp-usd-long.html Nzd/usd (long) http://forums.babypips.com/readers-choice-trade-week/53957-nzd-usd-long.html Wed, 15 May 2013 14:10:38 GMT NZD/USD DAILY LONG ENTRY POINT:0.8200 STOP LOSS : 0.8100 PROFIT TAKEN at : 0.8400 THE LAST CANDLE IS REVERSED AND THE SUPPORT ON THE... NZD/USD DAILY

LONG
ENTRY POINT:0.8200
STOP LOSS : 0.8100
PROFIT TAKEN at : 0.8400

THE LAST CANDLE IS REVERSED AND THE SUPPORT ON THE RISING CHANNEL IS HOLDING ON DAILY TIME FRAME,AND SO IT'S TIME GO FOR LONG.......

AS SOON AS TARGETED PROFIT REACHED JUST BUY THIS PAIR UNTIL IT REACHES THE STRONG RESISTANCE LEVEL @ 0.8641..
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]]> devcoolfxtrader http://forums.babypips.com/readers-choice-trade-week/53957-nzd-usd-long.html Aud/usd (long) http://forums.babypips.com/readers-choice-trade-week/53944-aud-usd-long.html Wed, 15 May 2013 05:55:06 GMT AUD/USD, 1-HR Long or Short: Long Entry Point: 0.99250 Stop Loss: 0.98400 Profit Target: 1.01500 Trade Explanation: Formation of bullish MACD... AUD/USD, 1-HR

Long or Short: Long
Entry Point: 0.99250
Stop Loss: 0.98400
Profit Target: 1.01500
Trade Explanation: Formation of bullish MACD divergence. Entry at daily's pivot with:
a. PT at 38.2% Fibonanci level (SH, 11/Apr/13 to SL, 14/May/13)
b. SL at S1
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]]> SuperStanmon http://forums.babypips.com/readers-choice-trade-week/53944-aud-usd-long.html GBP/NZD Trade Idea http://forums.babypips.com/readers-choice-trade-week/53866-gbp-nzd-trade-idea.html Mon, 13 May 2013 05:32:48 GMT Attachment 45733 (http://forums.babypips.com/attachment.php?attachmentid=45733) Very basic long trade idea. Entry on bottom of the channel,... Name: Untitled.png Views: 564 Size: 16.4 KB

Very basic long trade idea.

Entry on bottom of the channel, exit TBD

Entry really depends on when/where it hits the bottom of the channel. (~1.84 area)

Exit at the top: ~1.87-1.88
SL: 100 pips below the channel bottom.

Very minimal risk on this trade.
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]]> supaH http://forums.babypips.com/readers-choice-trade-week/53866-gbp-nzd-trade-idea.html USD/CAD Long http://forums.babypips.com/readers-choice-trade-week/53810-usd-cad-long.html Fri, 10 May 2013 14:02:03 GMT Attachment 45647 (http://forums.babypips.com/attachment.php?attachmentid=45647) USD/CAD Daily Long at 1.0100 Stop at 1.0000 PT at 1.0300 ... Name: usdcad.jpg Views: 506 Size: 22.6 KB

USD/CAD Daily

Long at 1.0100
Stop at 1.0000
PT at 1.0300

Support at the rising trend line is holding on the daily. It could be time to go long.
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]]> donnapinciotti http://forums.babypips.com/readers-choice-trade-week/53810-usd-cad-long.html NZD/JPY short http://forums.babypips.com/readers-choice-trade-week/53795-nzd-jpy-short.html Fri, 10 May 2013 04:50:53 GMT NZDJPY 1H Image: http://charts.mql5.com/1/517/nzdjpy-h1-oanda-corporation.png *short entry:* sell at market 84.52 *stop loss:* 85.52 *profit... NZDJPY 1H


short
entry: sell at market 84.52
stop loss: 85.52
profit target: 82.50
explanation: strong range with resistance around 84.80 ]]> jenesaisquoi http://forums.babypips.com/readers-choice-trade-week/53795-nzd-jpy-short.html