No. of Recommendations: 0
With the FCM brokers MFG and now PFG imploding on fraud with customer accounts, I thought I'd check one of my brokers that is near the bottom of a ranking list. FXCM, a listed company, is in a coiling (triangle) pattern since its IPO. Bust the top is good, break the bottom....not so good.

I have a chart worked up suggesting a continued decline till about $10.25 or so then taking off. Long at the target with stop under the lower swing and is a fairly good R/R with 7% vs. 100%

Moving chart:

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