legendary trader

Chapter 299 300 Strange Asian Market Trend

Seeing that the foreign exchange market has finally ushered in a harvest, Chen Fan and Zheng Xiaopang are still a little happy. At least they have made a good start. Chinese people pay attention to this. A good start is a good sign.

But what they didn't expect was that the good things had just begun. As time went by, not only did the Swiss franc's payment not decrease, but it seemed to increase. It should be that a large amount of funds began to enter the market to bet on the Swiss franc going higher. , Chen Fan and Zheng Xiaopang saw that the exchange rate of the Swiss franc almost fluctuated all the way up, basically there was no decent correction.

At this time, it is already the trading time of the American market. It is conceivable that there should be a large number of rice dollar sell orders coming out. A large amount of funds are flowing out of the United States, and the rice dollar is exchanged into other currencies. Tonight is not only the Swiss franc, but also the Swiss franc. The dollar fell to varying degrees against other major currencies.

Perhaps because the Swiss franc has been fluctuating at the bottom recently, the Swiss franc is considered to be a relatively slow-moving currency in the Europa currency during this period, so the strength of the pull-up tonight is also very violent, which means a wave of supplementary gains At around 2 o'clock in the morning, the exchange rate of the Swiss franc had already broken through 0.6660 and 0.6670, and the rise did not begin to slow down until it was around 0.6680, and it fell into the state of the cowhide market again.

At this time, Chen Fan and Zheng Xiaopang had no intention of continuing to watch the market. The strengthening of the Swiss franc was obvious. It should be that the market had started, so the two of them didn't even set any stop loss, so they just stepped back and returned. I went to sleep at home, and I will see how much it can rise tomorrow.

When the two arrived at the company the next day, they were a little disappointed to see the latest exchange rate of the Swiss franc. In the early morning, the Swiss franc continued to rise to around 0.6685 and then began to pull back. The profits were huge, and many funds began to cash in their profits. The market began to decline gradually before entering the pressure trading time, but now it has largely given up yesterday's gains. The Swiss franc has fallen to 70. The latest Swiss franc/m yuan Quotes are then at 0.6662/0.6658.

It would be a lie to say that they were not disappointed. The two of them did not expect that the Swiss franc would drop by nearly 20 points after sleeping. Although they still made a profit, the loss of more than one million yuan was still a bit painful.

But it didn’t disappoint you for too long, and soon began to collapse. With the continuation of the Asian trading, the Swiss franc is still in a state of falling, without the performance of yesterday’s indomitable and violent upward rush, almost exactly the same as yesterday’s trend On the other hand, by 2:0.6647 p.m., the Swiss franc had fallen to around 0.6645, and the lowest was [-].

The roller coaster ride was just going crazy with Swiss Franc for two days. Zheng Xiaopang has already collapsed a little, and he is starting to analyze whether it is time to run away. Now that there is still profit on the books, he should be able to protect his capital by going out at this time, maybe You can also earn three melons and two dates.

However, as time went on, not only did Chen Fan not reduce his confidence in going long, but he became even more bullish on the Swiss franc. Nothing else, the brightness of the Swiss franc remained the same without any change. Calculating the time, the trend of the Swiss franc should start Otherwise, only the rocket trend can meet the increase given by the brightness.

So when Zheng Xiaopang was extremely pessimistic, Chen Fan became confident instead, "Continue to gamble up, there is not much money now, otherwise I will increase my position."

Chen Fan swore to Zheng Xiaopang.

"In fact, we still have money, more than one billion. Anyway, that money will not be used in a short time. Didn't you say that it will be used next year? If you are really 100% sure, we can continue to increase positions Yes." Seeing Chen Fan's confidence, Zheng Xiaopang couldn't help feeling a little excited again.

Facts have proved that this kid Chen Fan is still very reliable. Every time he pretends to be calm and looks in a certain direction with confidence, he almost seems to have made no mistakes. This is also Zheng Xiaopang's willingness to follow Chen Fan's meaning The reason for the operation.

Chen Fan knew which part of the money Zheng Xiaopang was talking about, but to be honest, he felt that since the use had been planned, there was no need to temporarily change the operation plan.

When I was doing Swiss francs, I planned to use 1 million yuan, and I will change it immediately when I see an opportunity. Although I can’t say that it is wrong to do this, it is all for making money after all, but according to the company’s model, it always feels wrong to make such changes day and night.

Chen Fan told Zheng Xiaopang what he thought of, and Zheng Xiaopang fell silent after hearing this.

The education he received actually contained these contents. For this reason, many families put all their eggs in one basket for so-called opportunities, and in the end things backfired and led to the collapse of the family.

Although those things are a little different from this one, the essence is still the same.

In the end, Zheng Xiaopang didn't say anything about increasing his position anymore. Since he planned to invest only 1 million at the beginning, then it would be 1 million. Regardless of whether he wins or loses, he will follow the plan.

But fortunately, as the time of the European market approaches, the short positions in the market have gradually begun to converge. After all, the European market was very strong last night, raising the Swiss franc all the way. At this time, continue to suppress the Swiss franc. The runaway mode is turned on again, and short positions are in danger.

And because of the convergence of the shorts in the session, the bulls began to gradually become stronger. Although the Swiss franc failed to break through 0.6650 in the following time, there was no danger of continuing to decline. The intraday showed that the bulls had a slight advantage.

After the opening of the European session, the strength of the bulls in the market has been significantly strengthened again. It is obvious that institutions in the West are more bullish on the euro and bearish on the dollar.

After Chen Fan and Zheng Xiaopang went out for dinner and came back, they saw that the Europa currency rose strongly again, and the Swiss franc also rushed to 0.6680 again, and it is currently fluctuating around 0.6682.

Seeing such a trend, Zheng Xiaopang has blurted out countless national curses today. From the morning when the Swiss franc fell sharply to the Swiss franc's counterattack, Zheng Xiaopang's mouth has not been idle.

After scolding Zheng Xiaopang for a few words, he also found it boring, so he just sat there and watched the trend of the Swiss franc quietly. The European market time really has a huge support for the European currency. It hit 0.6690, and then rushed all the way below 0.6700 before starting to feel a little weak on the upside, and began to adjust for a while.

"I can't see the trading volume, so I don't know how much money is bullish here. It's annoying." Chen Fan shook his head and said.

"This is the case with foreign exchange transactions. You can only see the transactions of your own line. The major international banks only account for half of the foreign exchange transactions. That is to say, even if we open up the channels of several major international settlement banks, we still cannot see the whole The foreign exchange market." Zheng Xiaopang said, curling his lips, "Why is there no unified foreign exchange exchange? It has been like this for many years."

Time passed quickly, and the exchange rate of the Swiss franc also rose steadily. During the American session, the upward trend remained the same. Except for the Asian session, it can be said that the momentum was like a rainbow. In the early morning, it had broken through 0.6700, all the way up to It was only at 0.6714 that the bears were attacked fiercely. Don’t ask why you knew you were attacked here, because the Swiss franc could no longer move here, and it started to fluctuate sideways.

Because the trend was good, Chen Fan and Zheng Xiaopang didn't think about going back to rest. If they were tired, they would just go to the office and sleep for a while.

After going back to rest last night, the Swiss franc dropped sharply. Zheng Xiaopang was a little scared and told Chen Fan that he would not go home for the time being before going on stage.

Chen Fan is not so superstitious, but he also thinks that the Swiss franc's market may explode in the past few days, so he didn't say anything, just stay at home alone, it doesn't matter if he goes back or not.

The trend of the Swiss franc did not disappoint the two people who stayed up late to watch the market. By the second half of the American market, the exchange rate of the Swiss franc had risen all the way to 0.6730/0.6734, rising sharply again, with an increase of more than [-] points. Profits have been considerable.

Rubbing his sleepy eyes, Zheng Xiaopang was still asking: "Has the market come to an end? Now there are more than 3 million profits on the books."

Chen Fan's spirit is not very good at this meeting, he glanced at Zheng Xiaopang and said: "According to my judgment, the market has only just started, and the analysis report also said that it is 0.7 high, and it is only where it is now, so don't worry. I think that analysis is still very reliable."

"If we can reach 0.7, then the profit will be gone. Okay, listen to you, I actually want to ask, will there be a pullback, should we do a short-term operation? Look, the Asian market will When it arrives, the trend is estimated to be relatively weak again, and it may be necessary to pull back." Zheng Xiaopang lowered his voice as he spoke, fearing that he would be crowless.

"Are you the short-term king?" Chen Fan looked at Zheng Xiaopang, and finally shook his head, "Forget it, we are not playing short-term, you can see that the technical indicators are just two knives, it can only be said that it is so much better than laymen. One point, forget it, just keep the current position.”

Zheng Xiaopang frowned and thought for a while before saying: "Since the market is not in place yet, why should I watch like this, forget it, I'm going to sleep, you can watch it if you like."

After saying that, Zheng Xiaopang got up and walked out the door, saying as he walked, "I'm so stupid, I didn't operate it and stayed on guard for most of the night."

After hearing this, Chen Fan also felt that there was nothing wrong with this. He didn't want to trade and watch the market. Forget it, go to sleep.

After waking up in the morning, Chen Fan came to the trading room after washing up to look at the trend of the Swiss franc. It was similar to what he thought in the early morning.

Chen Fan doubts that the international foreign exchange funds are doing this intentionally, pulling up the Swiss franc and other currencies during the European and American trading hours, and then using the Asian trading time to wash the market.

Because foreign exchange is a special type of transaction, it is traded 24 hours a day, and there is no certain period of time that is beneficial or unfavorable to certain currencies. If there is such a trend in the market, it can only be said that someone deliberately did it. As for He didn't know the specific reason. The time he participated in foreign exchange trading was too short, and he didn't understand many things, and he was still ignorant.

Seeing that the exchange rate of the Swiss franc has fallen to 0.6705, the highest in the early morning session was 0.6737, and the previous lowest was 0.6701. At present, it seems that the market has stabilized, and it may not continue to drop in a short time, but Chen Fan did not Be sure, in case of another dive, it is not impossible to drop directly to 0.67.

Zheng Xiaopang came later, but he was very relieved to see that the Swiss franc did not fall below 0.67. He patted his plump chest and seemed very relieved.

"It should be stable today." Zheng Xiaopang said to Chen Fan, "It seems that he has stepped up to a higher level."

"It's hard to say, the market is now intentionally creating a weak trend in the Asian market. I don't know if it's really not working or it's a deliberate illusion, so..." Chen Fan began to shake his head before he finished speaking. Obviously, although he is optimistic about the follow-up trend of the Swiss franc, But I dare not talk too much in the short term.

"You mean it's still possible to dive again in the morning?" Zheng Xiaopang understood Chen Fan's meaning and asked a little uncertainly.

"Don't think about doing short-term, we are not that material." Chen Fan turned his head and glanced at Zheng Xiaopang, "Who knows the market, maybe it is not impossible to dive again, as long as you pull it up in the afternoon. "

Seeing that Chen Fan had made up his mind not to do short-term trading, Zheng Xiaopang put his mind to rest, and sat on a chair to watch the game.

I don’t know whether Zheng Xiaopang’s meaning affected the trend of the Swiss franc or whether he is indeed the short-term king. There was a short-term sharp pull in the Swiss franc near noon, and the price was quickly pulled up to 0.6724. Then there was a diving trend. I don’t know how many short orders entered the market. I saw the trend line of the Swiss franc drop sharply by nearly 90 degrees. Stopping the downtrend, but it's not over. The end of the sharp drop doesn't mean it's going to rise. In the next hour or so, the Swiss franc will fluctuate and fall. It seems that Chen Fan and Zheng Xiaopang's livers are a little hurt. It's money.

The decline lasted until 0.6678 before stopping the decline, and the bulls began to fight back after a short period of sideways trading at the bottom.

However, Chen Fan was skeptical about such a trend. It's really hard to say whether it was a short-selling market or a real short-sniper attack.

As the afternoon passed by, it will soon be the time for the European market, and the traders over there should have already started preparing.

Chen Fan thought so in his heart, the Asian market was another roller coaster, tossed and turned, the exchange rate of the Swiss franc has returned to above 0.67, and the latest quotation is 0.6702/0.6706, which can be regarded as creating a good price for the European market. At the beginning, at least the trend is still fluctuating and rising. As long as the European market continues this trend, it may hit a new high in the near future today.

The trend at the end of the Asian market was consistent with what Chen Fan had guessed. It oscillated and went up all the way. When the European market opened, the price of the Swiss franc had reached around 0.6714. However, after the European market opened, the Swiss franc did not continue. The rising trend at the end of the market turned into a slight decline. Chen Fan felt very helpless and had no more positions to add. In fact, when the Asian market dived, he was doubting whether his persistence was right or not. Maybe it should be like As Zheng Xiaopang said, mobilize the funds to build positions below 0.67, or do short-term operations.

Now every time Chen Fan sees the adjustment of the Swiss franc, he can't help but think of Zheng Xiaopang's words, so he temporarily transfers funds to increase his position. Anyway, that money is idle.

Shake your head and get these thoughts out of your mind, just wait and see when the Swiss franc starts to go crazy, and if you calculate the time, it should be next week, and there is still one day tomorrow for these funds to suppress .

(End of this chapter)