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Author: TAfool Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6326  
Subject: Long on FXCM @pull-back point Date: 7/12/2012 7:28 PM
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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:
http://www.tafool.com/Charts/FXCM071212animate.gif

TAfool
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Author: TAfool Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 6317 of 6326
Subject: Re: Long on FXCM @pull-back point Date: 7/20/2012 12:38 PM
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FXCM Update. Almost to the lower target point. Still looks good!
http://www.tafool.com/Charts/FXCM0720124h.png

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Author: TAfool Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 6318 of 6326
Subject: Re: Long on FXCM @pull-back point Date: 7/24/2012 4:14 AM
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Lower turn target hit for full cash gain of about 8%, or 16% on full margin, so now it's a long to either the upper target of about $20 or the lower stop-out at $9.46.

Big line chart:
http://www.tafool.com/Charts/FXCM0723124h.png

And small bar chart:
http://www.tafool.com/Charts/FXCM0723124hsmall.png

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Author: RayRohn Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 6319 of 6326
Subject: Re: Long on FXCM @pull-back point Date: 7/24/2012 3:00 PM
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SPX Chart


http://www.rayrohn.com/images/pcharts27/spx24.png

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Author: TAfool Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 6321 of 6326
Subject: Re: Long on FXCM @pull-back point Date: 7/27/2012 4:16 PM
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Hey Ray. I put the latest SPX chart under the SP500 post ( http://boards.fool.com/Message.aspx?mid=30172592 ). Time is here. Maybe just a little pop on Monday but it hit 1385 which was in my range of 1390±6

Short is the place to be and stops can be very reasonably placed

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