legendary trader

Chapter 300 Chapter 301
On Monday morning, Chen Fan came to the company. After seeing the Swiss franc falling into the cowhide market near 0.6746 last Friday night, Chen Fan and Zheng Xiaopang went back to sleep together. On weekends, they directly found an ancient town near Rongcheng to rest for two days.

I have been in contact with Liu Ying on the phone for the past few days. She is discussing the transfer of the newspaper with two companies respectively. So far, the progress has been slow, but Chen Fan still told her not to be impatient and to strive for the best negotiation conditions. A chance to fine-tune the team.

After all, it was a grass-roots team built by Liu Ying herself. Although Chen Fan hadn't paid attention to it, he still heard something from Zhang Yang. In terms of experience, it was a team formed by relatively inexperienced people. Talking about it is not a bad thing to gain experience in writing negotiations.

According to the analysis report sent this morning, Chen Fan also noticed that the market is now waiting for some economic indicators from the United States. These data will be released next week. Seeing this, Chen Fan is also a little nervous. Is the market going to be delayed until next week? Expand?
It will take another week. Although the foreign exchange market is indeed very profitable, it is more based on the combined influence of the economic situation of the currency-issuing country and the economic development of major economies to cause fluctuations in foreign exchange rates. These economic data are crucial Action basis, since we know that the United States will release last month's economic data next week, the short-term trend of the Swiss franc will obviously not be very strong, and we should wait for the data to be released before taking further actions.

At this time, the Swiss franc’s Asian market will still maintain this tepid trend. At the weekend, Chen Fan, Zheng Xiaopang, and Zhang Yang discussed what the current market trend means, and why they deliberately created market characteristics of a weak Asian market trend. , but the two of them didn't say anything about it. This will see that the Asian game is still weak, and Chen Fan unconsciously began to think about this problem again.

After watching for a while, Zheng Xiaopang came over. After a while, Zhang Yang also entered the core trading room, and briefly talked about the communication with Ma Yunbo just now. Last week, Bodao shares have begun to be shipped around 14.6 yuan. According to position control, This week, try to choose to sell the extra positions above 14 yuan, and wait for other institutions to take over and continue to rotate the island.

However, these are not the main things that Zhang Yang found. He and Ma Yunbo exchanged information on the situation of the Swiss franc. After the market weakened for the final wash, it launched a rapid and substantial increase.

Chen Fan also has such a guess in his heart, but because Chaofan Investment's current Swiss franc position does not intend to conduct short-term operations, so he only has this idea, and it has nothing to do with him in fact.

What he is more concerned about now is the time when the Swiss franc market will start, and when will it be released.

After Zhang Yang finished speaking, Chen Fan handed over the analysis report in his hand, and said: "Next Wednesday, the U.S. Department of Labor will release last month's economic data. According to the opinion of the research department, the market may start around the release of the report. That means we might have another week to go."

Before Chen Fan could finish speaking, Zheng Xiaopang was the first to howl.

"Damn, it's all ready, but I still have to wait a week to play with wool." Zheng Xiaopang grabbed the information and began to look through it.

Zhang Yang frowned and thought about it before he said to Chen Fan: "Then what do you think?"

Chen Fan shook his head, expressing that he had no idea.

Zheng Xiaopang quickly flipped through the analysis data and threw the report to Zhang Yang, "If the main force in the market wants to suppress the Swiss franc, labor and management will mobilize funds to increase positions. I am already tired of their roller coaster."

Chen Fan glanced at Zheng Xiaopang, "Are you planning to increase your position? Transfer those funds?"

"Is there anything you dare not add? You also said that the Swiss franc is likely to rise. It is 0.7 higher. It is only a few hundred points in the middle. Why not earn?" Zheng Xiaopang said without hesitation.

"The analysis report only said that he was optimistic about the Swiss franc, the Mark, and the British pound, but did not say that it would definitely rise sharply." Zhang Yang had read the analysis data and knew the analysis content of the foreign exchange market recently. Of course, he did not doubt Chen Fan's judgment, but just reminded Zheng Xiao Fat, no one will say affirmation and guarantee in the analysis report, if it is said, it is just a lie.

The market is changing rapidly, where there is a guaranteed analysis, if it can be done, then it must be done.

Chen Fan fell into deep thought. If others don't have what he has, should he increase his position to make a handful of Swiss francs? Although the money has already been used, it is really impossible to use it in a short time.

While thinking, I heard Zheng Xiaopang's voice in my ears, "Oh shit, 6740 can't be kept, it's coming down."

Chen Fan withdrew his thoughts and looked at the computer screen. At this moment, the trend of the Swiss franc had begun to fall, and the decline was relatively strong. However, he didn't know how the market would trade, and he didn't know how strong the short sellers were. bother.

Most of the current market analysis reports are optimistic about the Swiss franc. At this time, if you dare to be short, you must have big funds to do so.

"Wait and see, if the shorts really dare to smash through 6700, we will increase the position by 1 million." Chen Fan is also a little bit excited now, at least 3 points of difference, double the profit, there is no need to stick to the principle, In the face of money, let's wait for principles.

Hearing that Chen Fan agreed to increase his position in Swiss francs, Zheng Xiaopang was of course the happiest person, "It should have been done a long time ago. At the beginning, I increased my position around 6680, and now I sell these positions, the price difference is 60 points, and 1 lot is 3 One hundred meters."

"Money can't be earned, if you earn it all, the economy will collapse." Chen Fan said casually.

Now there are only more than one million yuan in the foreign exchange account. If you want to increase the position, you need to transfer funds from the main account. Fortunately, these steps are very simple, just a few keystrokes.

Now that he has decided to increase his position in Swiss francs at the right time, what Zheng Xiaopang thinks is not that the Swiss franc will rise, but that the Swiss franc will fall, the lower the better, and he still wants to build a position.

Until the afternoon, the exchange rate of the Swiss franc did not fall too much, and it only stopped falling when it fell to around 0.672, and began to rebound in shocks. Most investors, including Chen Fan, knew that after the European market opened, the Swiss franc should be on the rise. It will start to pull up again, repeating the trend that has gone out countless times last week.

Before 0.673:0.674 p.m., the market started to gradually strengthen. The exchange rate of the Swiss franc has risen above [-]. When the Europa market opened, the Swiss franc continued to rise, still maintaining the trend of last week, and soon the Swiss franc rushed to the [-] line.

Chen Fan and Zheng Xiaopang chatted and laughed and went downstairs to eat, but Zheng Xiaopang looked very unhappy, because the Swiss franc was about to break through 0.675 at this time, which made him unhappy.

Chen Fan didn't bother to talk nonsense with Fatty, it was because he broke his Daoist heart, he was still sticking to principles, but Zheng Xiaopang made him lose his eyesight now and lost principles.

After dinner, there are only Chen Fan and Zheng Xiaopang tonight. Zhang Yang went to accompany his wife. After the two went upstairs, they went to the trading room to see the traders at work as usual before returning to the core trading room.

But soon the two of them were stunned. According to the inertia of last week, Swiss Franc should have stood at 0.675 at this time, but now it is only 0.671. Chen Fan and Zheng Xiaopang hurriedly sat down and watched Swiss Franc’s latest The quotation of 0.6709/0.6713 was silent for a while.

This is forcing my brother not to be principled.

Chen Fan groaned in his heart, turned to Zheng Xiaopang and said, "First transfer 1 million to the foreign exchange account, 50 times the leverage."

"Okay." Zheng Xiaopang was very happy to see the current trend, and finally he was able to increase his position in Swiss francs with a large amount of money. The short position is great.

Zheng Xiaopang happily began to mobilize funds to apply for leverage. Chen Fan squinted his eyes and looked at the computer screen, and began to analyze what the main force of Swiss francs was thinking.

If there is a real long-short main force in the Swiss franc, it is because the bulls are waiting for news, that is, the latest economic data from the United States, so they give up resistance at this time and let the shorts wreak havoc.

But it doesn't make sense. Although Chen Fan is not sure whether the market will start this week or next week, since he has to wait for the economic data, why did he perform so strongly last week?

Moreover, these economic indicators generally have a rough estimate by survey companies. Although there are sometimes deviations, and the deviations are large, most of the time these forecasts are still very reliable. In other words, the main force does not need to wait for the economic data to be released. I have a general idea, and I have a plan for what to do.

According to the current trend that Chen Fan sees, the Swiss franc will definitely stand at 0.7, so the economic data released this time is definitely not conducive to the dollar. Under such circumstances, why do the bulls give up defense?
Are there not enough positions?
impossible.

What is the purpose of the bulls? In connection with the weird trend in the Asian market last week, Chen Fan began to speculate that the main force of the market should be the bulls pretending to be bulls. Because the market is optimistic about the Swiss franc, the strength of the shorts is not strong, so they want to create during the Asian market. Come short, strengthen the strength of the short, because the Asian market has been recognized as a short-term opportunity.

But now it is not the Asian market time, but the European market time, and it will soon enter the American market time period. At this time, it suddenly weakens. Do you think that the Asian market time creates too few short positions, and deliberately made a strong last week, The week before the release of economic data began to weaken, giving market investors an illusion. Could the economic data of the United States be better?
After thinking about it in Chen Fan's mind, he felt that it was necessary to wait until tomorrow's analysis data and the economic data forecast report from the United States, so that he could have a rough guess about the chess game played by the main force of the Swiss franc. Now thinking about those It's a little early.

Because the latest forecast data should come out this week, and only after these data come out will we know whether the main force of the market is playing this idea, deliberately creating a short atmosphere in the Swiss franc.

In the following time, Zheng Xiaopang was full of energy and prepared all the time, but Chen Fan seemed a little absent-minded, feeling that now is garbage time.

After entering the American market, the trend of the Swiss franc continued to slump, and the exchange rate once fell below the small mark of 0.67, but it was quickly pulled back. Zheng Xiaopang was already ready to increase his position. Waiting for Chen Fan's order, His tens of thousands of long orders entered the market to build positions.

But when it was past 11 o'clock in the evening, "Go back to sleep, tonight is boring, and the time to increase positions is not suitable."

Seeing Chen Fan walk out of the trading room first, Zheng Xiaopang was a little dumbfounded. I have been preparing for so long, and I took off my pants.
The next day, Chen Fan went to the research department first, and asked people from the foreign exchange department to inquire. He couldn't wait to know their analysis results.

As expected, due to the sudden change in the Swiss franc and other Europa currencies yesterday, market analysis began to reverse, and more institutional analysts began to be conservative, speculating that the economic data forecasted by the United States may exceed the market’s judgment, and go long Confidence in the Europa currency has weakened quite a bit.

And when Chen Fan asked those survey companies when they would be able to produce forecast data, the company's analysts were a little embarrassed and said that the company did not order these analysis materials, and the information they had was the data released by these survey companies after the fact. The first-hand information should have come out, but they couldn't see it.

Chen Fan called a few analysts to find Mr. Liu directly, and arranged for him to order the analysis data immediately, "I need these data now, indeed a few million yuan a year may be a lot, but for the benefits that may be brought to the company Said, this little money is just drizzle."

After several analysts left, Chen Fan said a few words to Lao Liu. Only after Mr. Liu's explanation did Chen Fan know that domestic investment institutions seem to pay little attention to these analyzes and most of them have not ordered such consultations, so...
However, Chen Fan still stated all his requirements. In the future, these materials must be ordered, and Chaofan's investment is not bad.

Back in the core trading room, looking at the Swiss franc fluctuating around 0.669, Chen Fan felt his blood boil again. He felt that this time there might be another very rich feast waiting for him.

At this time, he already felt a little bit disgusted that he only prepared 1 million yuan last night, which was too little. Since the main force of the market prepared such a big meal, if he didn't pounce on it and take a bite of the delicious food, he would be a little sorry for his hard work.

Half an hour later, Chen Fan got the latest statistical data from the analysis results of the analysis agency. Now the market's ratio of bulls to bears on the Swiss franc has changed from last week's 7:3 to the current 5:5, according to the current trend. If it goes on, the short position may have a greater advantage.

And the forecast reports of the three major research companies in the United States were quickly delivered to Chen Fan. According to the brief description of the report, the U.S. economy is driven by technology companies, and the economy is full of vitality, exceeding market expectations. From the analysis data, it should be supported Bullish on the dollar.

Only then did Chen Fan heave a deep sigh of relief, confirming that this is what the main bulls in the market need, all of them, regardless of whether the data is true or not, obviously all meet the conditions for the main bulls to dig a hole and bury the shorts alive.

Everything is ready, and the only thing that needs to be paid attention to now is at which point the main force of the market plans to release these data in a timely manner, so as to attract more funds to participate in the short camp. Although the current point is already very attractive, Chen Fan felt that he had to wait.

(End of this chapter)