LastBattle
Long

FXCM breakout

NYSE:FXCM   FXCM INC
Watch the daily closing tomorrow, could be a pretty good risk reward area for longs & trailing stops.

No specific target though, after such a huge fall. There's pretty much a huge gap from $2.5 - $10.
snapshot


http://www.benzinga.com/pressreleases/15/03/g5322878/fxcm-inc-announces-fourth-quarter-2014-results

q4 announced. Broke out
+1 Reply
Nice one!! Hellooooooo upside
+1 Reply
LastBattle PRO SPYderCrusher
weee 2.76 :D
Sold 70% there, waiting for the other target.

Stops are now at 2.4.
+1 Reply
LastBattle PRO LastBattle
Closed fully, the other 30% at 2.4.
+1 Reply
nailed it!
+1 Reply
LastBattle PRO SPYderCrusher
If it lies flat like this over the next few weeks-months, fxcm is actually worth picking up again :D

As of now, I won't touch it given the amount of bagholders trapped above.
+1 Reply
LastBattle PRO SPYderCrusher
snapshot


Looking sort of a bear flag here, but shorting at such a low price is crazy too.
So best bet will be waiting for a floor at 2.1 until May.
+1 Reply
well thought out, and agreed
Reply
I love how you had to adjust the scaling ridiculously for the current price to fit. A shame though what happened to the firm.

Anyhow, I this setup is not *my* cup of tea, but I like it! I would target 2.46-2.68 which are good targets on the daily
+1 Reply
2use SPYderCrusher
A fibs related bounce can always play as well, but i find it really hard to trade confidently the near-to-chapter-11 companies
+1 Reply
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