I just want to enjoy life

Chapter 179 187 One-to-Ten, Si Xiance's Fist and Embroidered Legs - Fibonacci Retracement Line

Lin Haocang was in his bedroom at night, thinking quietly, today is the 5th, and the 8th is Luo Xueqiong’s birthday, and it is also his own birthday. Although Lin Haocang is one year older than Luo Xueqiong, their birthdays are the same. It's November 11th.

After thinking about it, Lin Haocang planned to give Luo Xueqiong a necklace, but he didn't know what necklace to give. At this time, he saw that the Jiangdao Royal Auction was about to hold an auction, and that day happened to be Saturday, so Lin Haocang I plan to join in the fun and see what treasures I can buy!
"I still have to make money, otherwise if I look at something, I'm afraid I won't have enough money!"

The treasures auctioned at the Jiangdao Imperial Court Auction are all tens of millions or more, and Lin Haocang is really worried about not having enough money.

·
The next Friday morning, Lin Haocang got up early, came to the VIP lobby, opened the trend charts of various foreign exchange varieties, and began to predict. After consuming 60 points of [hostility value], Lin Haocang set his sights on NZD/USD Just as he was about to place an order, he heard Wang Kunyu and others, Huang Tao, and Lei Hanwen arguing fiercely again.

Wang Kunyu and his group of investors looked at Huang Tao and Lei Hanwen with a sneer.

At this time, Wang Kunyu said: "Lei Hanwen, yesterday you lost 70 US dollars and you haven't improved your memory yet. How dare you go long GBP/USD today?"

Last night, he closed out the 1000 GBP/USD short position in his account and made a profit of 70 US dollars.

He still intends to short GBP/USD today!

Because he feels that GBP/USD is about to fall below the support area formed by the 5 moving average.

And a middle-aged man next to Wang Kunyu also said: "Xiao Wang, you have nothing to do with others wanting to lose money!"

His name is Si Xiance, and he is considered a relatively large retail investor.

Yesterday he tasted the sweetness of shorting GBP/USD with a small position, and also tested the weakness of GBP/USD. Today he plans to do a big job on GBP/USD!
Si Xiance's words made many people laugh!

"Xiao Lei, isn't it?"

"Not many, just 2000 hands, do you dare?"

This boy named Lei Hanwen, he was very upset to see him yesterday, but what Lei Hanwen said just now made him unable to bear it any longer.

The others also booed: "Lei Hanwen, if 2000 hands is too much for you, then 1000 hands will be fine!"

"800 hands are fine!"

"If 800 moves is too much, 500 moves will do!"

Everyone made money shorting GBP/USD yesterday, and now they are very aggressive!
·
Lei Hanwen suddenly lost face. Yesterday he just lost 70 US dollars. Today, he was a little scared and didn't follow up.

And Huang Tao didn't say anything. He also lost 50 US dollars yesterday.

After all, the GBP/USD seems to be quite weak. In the daily chart, the GBP/USD is just oscillating above the 5-day moving average. It may fall below the resistance area of ​​the 5-day moving average at any time. Of course, it may be supported and then rise again.

Although the two are still optimistic about GBP/USD, their confidence has collapsed in the face of the siege of 10 investors, and they began to doubt their own judgment.

The two discussed for a while, shook their heads, and said, "We'll wait and see today, and we'll decide tomorrow!"

The words of the two immediately aroused ridicule.

This embarrassing and embarrassing occasion made the two of them leave the VIP hall directly. Anyway, there is no good opportunity to make orders today. The two plan to go racing and relax.

·
The departure of Lei Hanwen and Huang Tao made Wang Kunyu, Si Xiance and others shake their heads and laugh.

At this time, Si Xiance said: "These two brats are really two cowards!"

As he spoke, he said firmly: "Whoever is long GBP/USD today will seek death!"

For so many days, GBP/USD rose from 1.5700 to 1.6300.

Already up 600 points.

It is bound to usher in a big correction.

Yesterday, the GBP/USD fell by 70 points, falling to the 5th moving average on the daily chart. This is obviously a big correction signal, and the GBP/USD has to pull back hundreds of points at least!
·
Si Xiance's words immediately attracted the approval of others!

"Yeah, whoever is long GBP/USD today is looking for death!"

"If you are long GBP/USD, you will suffer a lot today!"

"Yeah, GBP/USD is definitely about to make a big correction!"

"Yes, the GBP/USD fell 70 points yesterday, which is an obvious signal of a major correction!"

"Yeah, GBP/USD is bound to drop by hundreds of points today!"

"Have you seen the news about Gaosheng Bank, Morgan Bank, Citibank...?"

"Many large investment banks have been shorting GBP/USD since yesterday!"

"Yesterday, the senior analyst of Gaosheng Bank made a very reasonable analysis. GBP/USD is definitely going to make a big correction!"

···
Lin Haocang originally wanted to make a big deal on the NZD/USD, but he heard so many retail investors say that the GBP/USD is going to have a big correction!
Lin Haocang pondered, and his fingers also stopped on the mouse, but did not press down.

"If so many retail investors are bearish on GBP/USD, it means that there must be a big market for GBP/USD today!"

"These retail investors are the targets of harvesting. It would be no wonder if they can make money by being short on GBP/USD!"

After thinking about it, Lin Haocang predicted the trend of GBP/USD today, and the result surprised him!
Immediately he gave up doing long NZD/USD.

I have consumed a lot of [hostility value], now is the time to replenish, so Lin Haocang said to Wang Kunyu, Si Xiance and others: "I am long 4000 lots of GBP/USD!"

"I think you guys must have lost a lot short GBP/USD today!"

After Lin Haocang finished speaking, he immediately felt the hostility from these ten people, and the [hostility value] in his system was also increasing rapidly, and soon reached full value.

···
As soon as Lin Haocang said these words, ten pairs of eyes fixed on him immediately!

It turned out to be this kid!
This kid was also shorting GBP/USD with them yesterday, hehe, today he is doing the opposite!

Immediately, Wang Kunyu smiled and said: "Lin Haocang, it's ok, very good!"

Si Xiance said with a sneer: "Young man, you are quite powerful, it seems that none of the ten of us can compare to you! Haha"

"Boy, yes, the two boys in front of you are very powerful, they dare not go long GBP/USD, but you dare to go long 4000 lots!"

"Okay, little brother, let's see who is suffering miserably today!"

"Hehe, those who short GBP/USD today must lose money?"

"Ah~"

···
Lei Hanwen and Huang Tao both knew that GBP/USD would not rise today, so they left the VIP lobby in despair and chose to wait and see for a day!

This kid named Lin Haocang is so good, he just came out to play against everyone!
Isn't such grandstanding stupid?
····
Lin Hao smiled faintly and said, "Let's see who is the winner, ha ha!"

So everyone started to build positions. Wang Kunyu shorted 1000 lots of GBP/USD, Si Xiance shorted 2000 lots of GBP/USD, and the other 8 investors also shorted 500 lots!
And Lin Haocang was near the 1.6300 position, and he was long 4000 lots of GBP/USD, and a fluctuation of one point was a profit and loss of 4 US dollars!

"I'm long 4000 lots of GBP/USD!"

···
Wang Kunyu said at this time: "Lin Haocang, today you will definitely spit out the money you earned yesterday!"

Si Xiance also smiled and said, "Lin Haocang, do you know the Fibonacci retracement line?"

Seeing that Lin Haocang did not speak, Si Xiance continued: "The current trend chart of GBP/USD is perfectly in line with the Fibonacci retracement line!"

"From the perspective of time and space, GBP/USD is destined to undergo a major correction!"

"At least it will drop by hundreds of points!"

Everyone's eyes lit up when they heard Si Xiance's words!

"Boss, you're right!"

"It perfectly fits the Fibonacci retracement!"

"We may be making a lot of money!"

···
The Fibonacci sequence, also known as the golden section sequence, was invented by a famous Italian mathematician... and can be applied to financial understanding.

···········
In forex trading, Fibonacci retracements are often used to identify potential support and resistance levels!

Fibonacci retracement.

0.236, 0.382, 0.500, 0.618, 0.764
Fibonacci extensions.

0, 0.382, 0.618, 1.000, 1.382, 1.618
·
GBP/USD seems to be perfectly in line with the Fibonacci retracement levels today!
According to the Fibonacci retracement line, Si Xiance predicts that the GBP/USD may fall by about 200 points this time!

···
Lin Haocang shook his head immediately after listening to everyone's words, and said, "Hehe, what about time and space, it doesn't exist!"

"This method of yours is nothing more than flamboyant fists and embroidered legs!"

"In the face of a truly irrational market, it is pale and powerless!"

"If you don't believe me, try it!"

The most commonly used golden ratios in transactions are 38.2%, 50%, 61.8%, and sometimes 23.6% and 76.4%.In a very strong trend, the price will retrace at least 38.2%, while in a weaker trend, the price may retrace as much as 61.8% or even 76.4%.But if the price completely retraces the previous trend or breaks the 100% Fibonacci retracement, it means that the current trend no longer exists.

···
When Si Xiance heard Lin Haocang's words, his face immediately sank, Lin Haocang actually looked down on his methods!
To say that his method is to smack his fists and embroider his legs is to slap him in the face naked!
Si Xiance was very annoyed!

Before Si Xiance could speak, other investors rushed up.

"Do you know what Fibonacci is?"

"How long have you been doing foreign exchange?"

"I think you are so young, you should still be in school, right?"

"Hehe, I just learned to speculate in foreign exchange for a few days, and I made some money by luck, so I am so proud and complacent!"

···
At this time, Si Xiance shook his head and said in disdain, "Young man, I have eaten more salt than you have eaten rice!"

"You've got to practice your fists and embroidered legs first!"

·
Wang Kunyu also smiled and said: "Lin Haocang, the money you lost today is just given to everyone, and it should be a lesson for you!"

·
(End of this chapter)