legendary trader

Chapter 295 Chapter 296 Change Trading Habits
Looking at the sales orders that were constantly being traded, the buying price of Swiss francs quickly changed from 0.6651 to 0.6650. Chen Fan and Zheng Xiaopang looked at each other and laughed.

Even though they bought a lot of orders at 0.6652 just now, but those orders are only worth a few dollars. For them, the Swiss franc will fall as much as possible. The more it falls, the lower their opening costs will be. After all, he is now a trader with big funds, not a small retailer who filled his position with a few orders like last year.

As the price dropped to 0.6650, Zheng Xiaopang and Chen Fan started to buy large orders again. At the beginning, they were worried that the order would be too large and pried up the price. After a while, they found that the 0.6650 point seemed to be motionless. Chen Fan finally It was still a big order and started adding orders, and directly enlarged the order to 50 lots. After doing this twice, the price of the trading system finally rose to 0.6651.

Zheng Xiaopang didn't make a move this time, so he watched Chen Fan enlarge his list to buy Swiss francs, "It seems that there are not many people selling Swiss francs this time, and the price has been pried up with only a few hundred hands."

Before Chen Fan could speak, the system quotation jumped up to 0.6652 again.

Chen Fan didn't continue to do anything now, and thought for a while before saying: "Wait a minute, I always feel that the price is a bit high, and it seems that it is very troublesome for us to operate like this, and we can't do it according to the way we think about futures."

"What do you want to do?" Zheng Xiaopang asked in surprise.

"Let me think about it. In fact, the Swiss franc is not a major currency in the foreign exchange market. The most traded currency in the market is the rice dollar, pound sterling, mark, and Japanese yen." Chen Fan said casually, his eyes fixed on staring at a computer screen with the latest quotes.

Soon the trend line of the Swiss franc began to rise again, and the transaction price became 0.6649/0.6653.

"Fuck, it started to rise again, should we continue to buy now?" Zheng Xiaopang said after seeing the latest quotation.

"Wait a minute, we still lose money if we sell it now, don't worry." Chen Fan continued to watch the market as he spoke. In just a few minutes, he had roughly figured out that this foreign exchange transaction has nothing to do with the stocks he originally traded. It is very different from futures. Although the price seems to be rising now, but as the owner, that is, Jinxin Company, it will only make money from their transactions, but it is still losing money, because now The selling price was 0.6649, not 0.6653, and the spread between them was the handling fee charged by Jin Xin and his previous merchant.

If there are no major fluctuations in foreign exchange, it is not necessarily possible to make money from foreign exchange trading. No wonder the foreign exchange market is a trend market, and it is very sensitive to various information. Generally, it runs according to a trend for a long time. If there is no such trend , There is a fart for speculation, and you can’t make a lot of money, and the main reason for being sensitive to information is to create enough room for fluctuations in the market, otherwise short-term funds will not make money at all.

In fact, the so-called news has little effect on the foreign exchange rate, but it cannot hold back the huge amount of funds in the foreign exchange market. A small piece of news may bring in and out funds of hundreds of millions or billions. Then consider the possible leverage behind it. The market volatility caused by a broken news is enough to jump up and down the trend line of the day, so that the funds participating in the opposite direction can earn a fortune.

If there is a pool of stagnant water, the fluctuation of the exchange rate will be small, and the attractiveness to funds will decrease, because no matter how you operate, as long as you do not really need this foreign exchange, then you will lose money in trading because of the existence of a little difference.

After thinking about it, Chen Fan couldn't help grinning, "Let's not participate in this foreign exchange market in the future. Unless there is a major event, this market is completely controlled by big money. Without enough money, it is impossible to influence the quotations of those middlemen. Think about it." Who are those middlemen? They are all internationally renowned big banks, and our 1 million yuan is like a small shrimp in their eyes."

Zheng Xiaopang was still wondering why Chen Fan was hesitating, and he realized after hearing what he said, "That's something for later, we really don't need to participate in the foreign exchange market in the future, but now that we have built a position, should we continue to increase it or something? You can never give up halfway."

"Wait a minute, although we are optimistic about Swiss francs, we can't just rush in." Chen Fan was still a little hesitant. For some reason, he always had a feeling in his heart that the price is a bit high now, so he can wait.

There is no reason, just this feeling, Chen Fan can't figure out why he has this idea.

Intuition is still a sense of disk, and he can't figure it out. It comes from the heart, so let's wait and see. Anyway, the brightness of the Swiss franc is enough to support it to go above 0.7, so there is no need to care about the current point.

After watching this for a while, the exchange rate of the Swiss franc reached 0.6654, and then 0.6655
Chen Fanbala's lunch box and Zheng Xiaopang were chatting nonsense without a word, and Zhang Yang would walk over to the computer and look at the exchange rate.

"When I read the analysis report, my blood boiled, and I felt that the Swiss franc was about to explode, but after watching the trend for a day, I feel really meaningless now." Zheng Xiaopang swallowed the food in his mouth and complained to Chen Fan.

"There is no news, the price is really painful." Chen Fan shook his head and said, "No wonder the teachers in the school only briefly talked about foreign exchange, and didn't go deep into it. This thing is really not played by ordinary people. If you can't find the trend , No matter what you do, it’s all for nothing, working for a broker.”

"Yeah, I figured it out after working on it for a day. I don't have a lot of money, so I don't want to touch this thing." Zheng Xiaopang agreed, and turned to Zhang Yang and shouted: "Yangzi, what's the point?"

"6654, nothing changed, just hovering between 53 and 54." Zhang Yang said weakly over there.

"We should be able to protect our capital by selling now." Zheng Xiaopang said leisurely, he was a little tired of foreign exchange trading, the fluctuations were too small, and the little spread he earned today was not enough to pay the handling fee.

"Hey hey, it's because we didn't find the right product. If the British pound or mark involved, haven't you seen the fluctuation of those products? We have made those spreads a long time ago, but the space is very small, and there will be no good ones in the future. Opportunity, there is really no need to come in and do it." Chen Fan explained with a dry smile.

After suspending buying on the Swiss franc, he observed the movement of the dollar against other currencies of the Europa and against the Japanese yen for a while, and felt that the fluctuations of those major currencies seemed to be greater, and the spreads between buying and selling were also small, which should be due to the trading Because it is very active, traders take less risk.

It seems that at 11 o'clock in the evening, the latest exchange rate of Swiss francs/meters was still at 0.6653. Chen Fan guessed that this might be the case today. Since he planned to observe it before considering the next transaction, Chen Fan was not in a hurry to enter the market again. Don't be impatient, wait for two days to observe the market, and then decide on the trading point after you are familiar with it.

He greeted Zheng Xiaopang and Zhang Yang that he planned to go home and sleep, which surprised them. They didn't expect Chen Fan to go home to rest.

"I plan to observe for two days before trading. I feel that this point is a bit high." Chen Fan explained.

But in the end, it took more than half an hour to leave. Before leaving, the three of them went to the trading room to see the traders who were staying up late trading rice stocks, and asked casually about the Netscape stocks they held. They knew that the price was already at 39 yuan. It's gone, Chen Fan didn't say much, anyway, Chaofan Investment didn't arrange a transaction here, and there were few purchases, so it doesn't matter.

The next day, Chen Fan came to the company's office to read the latest analysis report. Seeing that there was nothing to deal with, Chen Fan got up and went to the core trading room, where he turned on the computer to monitor the trend of the Swiss franc.

After leaving last night, the Swiss franc did not break through in the end, but remained oscillating around 0.6655 all night. Even now in Asian trading hours, the foreign exchange quotation is still 0.6655, basically unchanged.

It's just that the price fluctuates back and forth between 0.6653-0.6657, but it's unclear whether it will go down or up today. If it continues to trade sideways like this, Chen Fan will feel depressed to death.

Now at this price, he does not intend to enter the market, he must either break through upwards or downwards, there must be a direction to enter the market.

Chen Fan looked at it for a while and didn't want to look at it. Who would want to watch such a stock without fluctuations? Switch to the domestic stock market interface on the computer next to him, and watch the trend of Bodao shares for a while.

Chen Fan hasn't seen Ma Yunbo in the past two days, because he is now copying and operating the shares of Bodao.

Now the market of Bodao shares has also reached a more critical position. Now the price is around 13.82 yuan, and it has stayed below the 14 mark for two days, but Ma Yunbo did not choose to break through.

I learned from Zhang Yang that Ma Yunbo thought that since they are considered to be a relatively strong force in the funds in the Bodao stock market, and they seem to be the first to start pulling up the stock, so they plan to push up the stock price as much as possible. A little higher, to raise the height of follow-up funds, like this step-up, everyone is actually very conservative, and the increase is generally more than [-]%.

This time Chaofan Investment intends to significantly increase the stock price, especially after the stock price broke through 13 yuan, the worried selling did not appear, which undoubtedly greatly raised their expectations for the stock price of Bodao shares.

At present, several funds in the venue should have long-term goals. At least they plan to wait for the annual report to come out and evaluate based on the data of Bodao’s mobile phone business before considering whether to leave or stay.

Under such circumstances, there is no need to continue to cautiously raise the stock price, and push the stock price a little higher, and then a little higher.

The Shenzheng Index has stabilized in the past two days, and it is supposed to take advantage of the current price to increase the stock price. However, it is generally found that after this wave of market pulls up, there are actually very few stocks sold on the market. There will be infinite empty rises. In order to maintain the graph, Chaofan Investment will be in trouble and he will conduct reverse transactions, so this time he intends to do the opposite, and start pulling up when the market weakens. The purpose is, One is to clean up the market, so that the profit-making chips can change hands as much as possible, and increase the cost of holding funds on the market. The second is to make Bodao shares a star stock and attract more investors' attention.

So they chose to let the shares of Bodao adjust below 14 yuan, waiting for the market to weaken.

For the stocks that have already doubled, Chen Fan did not express his opinion on this operation plan. He felt that it didn't matter. It was all blood money. There was really no need to care about these details. Let them play more and accumulate some money to sit on the bank. experience.

However, he also paid attention to the market. Recently, the market has shown signs of bottoming out, so what Chen Fan is worried about now is waiting for the opportunity for the market to weaken again. What will Ma Yunbo do if the market bottoms out?

Rising with the trend or what.
The morning passed silently, during which Zheng Xiaopang drove twice, seeing nothing happened in Swiss Franc, he went to the small trading room, and he went to see Ma Yunbo's operation.

However, according to what Zheng Xiaopang said, it seems that Ma Yunbo has also revised his operation plan, which is similar to what he thought. If the market does not continue to drop but completes a bottoming here, Ma Yunbo seems to follow the trend and greatly increase the stock price , there are still nearly 3 shares that can be used. If the market goes well, I believe it can push the stock price of Bodao shares below 15 yuan, or even break through. After all, there are too few floating chips in the market now. The lighter the plate the Rapo Island shares.

At almost 3 o'clock in the afternoon, the Europa market was about to open, and the trading volume of European currencies such as the Swiss franc would soon be active again. Finally, there was still a little fluctuation in the foreign exchange market. Chen Fan guessed that the funds for selling Swiss francs might start to increase, because the exchange rate of Swiss francs began to fall slowly at this moment.

Thinking that the Swiss franc will soon enter the European trading session, some funds will try to suppress the exchange rate of the Swiss franc, so Chen Fan began to speculate that the exchange rate of the Swiss franc may drop to a certain extent today. Indeed, the exchange rate of the Swiss franc rose from 0.6486 to 0.6655 in a few days The increase was too fast, and many technical indicators rose before the exchange rate could react. This actually means that the Swiss franc needs to be corrected and the technical indicators should be corrected.

Yesterday, Chen Fan watched the Swiss franc transactions for a day before realizing why he always felt weird. Foreign exchange transactions mainly display trend charts and technical indicators. The transaction volume displayed on his computer is actually the transaction status of his line. It can be said that the transaction volume is not comprehensive.

This is also where he feels weird. He obviously saw a lot of buy orders, but the exchange rate did not respond at all, and it remained sideways or even fell. Now I think it is when the settlement bank is trading these buy orders, customers of other settlement banks are selling in large quantities. , so this happens.

Starting today, Chen Fan has paid more attention to short-term technical indicators to predict the next move of the Swiss franc. What he sees now is that the KDJ indicator, as the most sensitive indicator, has been pulled to a high level, showing signs of peaking, while MACD is the most sensitive indicator. The golden cross had just formed and other indicators were about the same. Only then did Chen Fan understand why the exchange rate felt a little high yesterday. It should be that the Swiss franc needs to pull back, and the bottom rose too quickly and was not solid.

It's just because Chen Fan has not relied on technical indicators for a long time to make orders, and all rely on cheating methods and some fundamental analysis to guide transactions, so he is not familiar with technical indicators, and intraday analysis also relies entirely on buying and selling prices and trading volume to make judgments , so when I first entered the foreign exchange market, I felt extremely uncomfortable
(End of this chapter)