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.

Related Ideas

2use
2 years ago
from 16 to 2....wow i could not even estimate what happened. Keep a lookout for a dead cat bounce
+1 Reply
LastBattle 2use
2 years ago
http://www.forbes.com/sites/steveschaefer/2015/01/16/swiss-bank-stunner-claims-victims-currency-broker-fxcm-bludgeoned/ here :)
Yeah certainly, there'll be a dead cat bounce.
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
2 years ago
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
LastBattle SPYderCrusher
2 years ago
The chapter 11 that's discouraging? :D
I like high risk trades if its able to bring me back double the reward.
Reply
2use LastBattle
2 years ago
I'm keeping to the safe sides and i tend to not play earnings
Reply
LastBattle
2 years ago
snapshot


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

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

Stops are now at 2.4.
+1 Reply
LastBattle LastBattle
2 years ago
Closed fully, the other 30% at 2.4.
+1 Reply
SPYderCrusher PRO LastBattle
2 years ago
nailed it!
+1 Reply
LastBattle SPYderCrusher
2 years ago
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 SPYderCrusher
2 years ago
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
SPYderCrusher PRO LastBattle
2 years ago
well thought out, and agreed
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out