legendary trader

Chapter 301 Chapter 302
Now Chen Fan has basically judged that the trend of the Swiss franc may be a game deliberately set up by funds, with the intention of attracting more funds to enter the market for shorting. The current market atmosphere has just changed from bulls to bears. It is unlikely that the market will be launched so soon. Maybe it is true. It will take another week.

Thinking of this, Chen Fan was a little breathless. It really took a lot of energy and time to manipulate the market, and it was difficult just to grasp the timing.

The time in the Asian market is passing away, the exchange rate of the Swiss franc has fallen below 0.669 and then continues to bottom out.

The only purpose of Chen Fan watching the market at this time is to find an opportunity to increase his position, but he also knows that today is definitely not the best time to increase his position, because the current market is still evenly matched between long and short, and it is estimated that this downward trend will continue for one or two days. In two days, perhaps today's European market and US market will increase their decline, further strengthening the market's confidence in shorting. The best possibility is to suddenly pull up during the Asian market on Wednesday, but it is not ruled out that it will continue to fall for several days to accumulate short positions. one.

Chen Fan felt that he was already confident, and he didn't have much thought about today's market, so Zheng Xiaopang simply said his thoughts, and Chen Fan went home early in the afternoon. He really didn't want to see Swiss Francs torture trend.

The next morning, Chen Fan didn't go to the company either. He slept late at home. When Zheng Xiaopang called to inquire, he knew that Chen Fan didn't think the market was interesting, so he didn't go there in the morning. Maybe it might appear in the evening. At the stage of low point, when you can consider adding positions, Zheng Xiaopang said the latest Swiss franc quotation of 0.6659/0.6663, "Is there no need to increase positions at this price? It will not fall to our position opening area." ?”

Hearing Zheng Xiaopang's question, Chen Fan thought for a while before he realized that this place is already very close to their initial opening point, and there is only a difference of ten or so points. It's hard to say that last week's opening position was really early. A little bit.

"I'll come over in the afternoon, and I may stay in the company for the next few days to see how the dealer makes Swiss francs." Chen Fan said simply to Zheng Xiaopang on the other end of the phone, "Now let me squint for a while, bye .”

In the afternoon, when Chen Fan came to the company, he walked out of the elevator and heard that the big trading room was very lively. Chen Fan walked in out of curiosity.

Zhang Yang and Zheng Xiaopang were there, as well as several traders who were valued by the company. They were gathering around Ma Yunbo to listen to what Ma Yunbo was talking about. It seemed that everyone was very happy, so it shouldn't be a bad thing.

Zhang Yang also saw Chen Fan coming in, and beckoned him to go. After listening to Chen Fan for a while, he realized that Ma Yunbo had completed the market of Bodao shares as planned. The stocks were all cleared smoothly, and it can be said that this operation was executed perfectly.

At this moment, Ma Yunbo is talking about his operating experience, not only for Zhang Yang and Zheng Xiaopang, but also for the traders who are more important to those companies to listen to.

Chen Fan also listened with interest for a while, then patted Ma Yunbo on the shoulder and said, "It's been hard work, I can rest for a few days now."

Going back to the core trading room, I turned on the computer and looked at the latest Swiss franc quotes. Now the Swiss franc/meter yuan is 0.6652/0.6656, which is a little bit lower than when Zheng Xiaopang called at noon. It’s only a few points, but it’s already It is very close to the opening point of extraordinary investment.

Chen Fan also looked at the time. It will be time on Europa in a while, and the traders there should be gearing up and getting ready to start work.

After waiting for a while, the Swiss franc was still in a weak trend at the end of the Asian market, and when the time entered the European market time, the market’s short power gradually began to strengthen. Although there were no violent sell orders raging the market, but Chen Fan can also personally feel the market's huge short-selling ability due to the continuously falling quotations.

0.66550.66520.6650
Like a flood that opened the gates, the quotations of the Swiss franc fell steadily, and the bulls in the market seemed to have been defeated by the shorts. I think the things I thought of yesterday should have been circulated in the market, and everyone should be guessing what happened in the United States. The economic data may be very good, and I don’t know if the main force of the market can spread these false news in one day and let more funds enter the urn.

Tonight is the key point. If the main force of the market has little appetite and does not want to kill the shorts of the Swiss franc at once, then tonight's American trading time should be the best opportunity to open a position. Retaliatory pull up and start to pull up will cover all the short positions that enter the market.

Chen Fan can't wait to reap the fruits of victory. Only market participants understand that the time to reap the profits is the time to accelerate the secretion of adrenal hormones, and that is the time to feel the climax.

After dinner, Chen Fan couldn't wait to rush to the trading room. As long as it was better, Zheng Xiaopang suffered. It may be in the American market time, it is very early now, and there are still two hours before the market opens."

But the protest was ineffective. Chen Fan was already impatient to keep an eye on the market. He had even made up his mind that if the market had enough room to fall, the 1 million yuan he originally planned to increase his position would continue to increase. Make a lot of money, and you can't live up to the dealer's layout.

When I came to the trading room, the Swiss franc fluctuated around 0.665 for a long time, and finally fell below this small barrier. The latest quotation is 0.6643/0.6647. At present, there is still floating profit on Chaofan Investment’s books, but it has been greatly reduced , This also made Zheng Xiaopang a little upset. At the beginning, he forgot that entering and exiting the foreign exchange market is actually not as difficult as the stock market and futures. In fact, it is still very easy to reduce positions above 0.67.

"It's just lack of experience. We haven't done foreign exchange before, and some low-level mistakes can be forgiven." Regarding Zheng Xiaopang's displeasure, Chen Fan didn't think it was a big deal, so he took it lightly with a word.

Zhang Yang didn't worry about this matter either. He asked Ma Yunbo for a consultation. The difference between the foreign exchange market and the stock market and other common financial markets is too big. If there is a situation in the first time doing foreign exchange, as long as it is not a painful loss, it is fine. accept.

In fact, he is already very satisfied with the achievements he has made. He has a house, a car, and a wife.

Chen Fan kept looking at the chart of the Swiss franc and the list of major international currencies. He needed to find the main currency of the Europa currency and use it as a reference for the Swiss franc.

After all, Switzerland is too small a country. Although the economy is good, but the total amount is there, it is impossible to become the main currency in circulation there. Compared with the pound and the mark, its status is much worse.

Although Chen Fan feels that the currency value of the Swiss franc is actually very stable, and its value is far greater than that of the British pound and Mark, which are more widely circulated in the market, his arms cannot be twisted by his thighs, and international speculators still like currencies with a lot of circulation. Lang will not become a mainstream currency.

Even so, when Chen Fan looked at the Europa currency, he still found that the price increase of the Swiss franc this time far exceeded that of other currencies in the same region. Maybe this is a response to the saying, "Gold always shines."

After the opening of the American market, the Swiss franc's downward momentum was unexpectedly pressed to the pause button, and the Swiss franc gained support around 0.664, unexpectedly showing a small rebound.

Zheng Xiaopang couldn't sit still at this time. After waiting for more than a day, the 1 million yuan fund was already very hungry.

However, Chen Fan still suppressed Zheng Xiaopang and refused to let him move, "Look again, if we break 664, we will enter the field again and advance 3 moves to be more courageous."

Hearing Chen Fan say that entering the market would be a big order of tens of thousands of hands, Zheng Xiaopang barely suppressed his agitated heart, and sat down to wait again.

However, he inadvertently glanced at Zhang Yang, and found that this kid seemed a little abnormal at the moment, his face was flushed, his hands and feet were still a little bit, he should be trembling slightly.

He reached out and patted Zhang Yang, "What's wrong with you? What are you shaking?"

"Excited, a little excited." Zhang Yang said.

"Eat less chicken, the news recently said bird flu, you noticed." Zheng Xiaopang said nonsense.

"This has something to do with eating chicken. I'm so excited after seeing through all the tricks of the dealer." Zhang Yang retorted, "If it falls below 664, it will be sold out at 0.7 after opening a position. Have you ever calculated the profit with one hand? ,snort."

"What does this have to do with what you said about seeing through everything about the banker? Breaking 0.7 is not what you predicted." Zheng Xiaopang said with a playful smile, "Don't say that you have evolved to the level of a stock god now, you still have to trust me .”

When it was almost 11 o'clock, the rebound of the Swiss franc was over. There was no more support for buying orders. The Swiss franc only stayed around 0.6646 for a short while before turning around and falling. It soon approached today's intraday low and started to trade again. Test the support of 0.664.

However, it is clear that the bulls in the market have lost much determination to resist. Unbeknownst to Chen Fan, some small research companies have already announced their forecasts for the upcoming US economic data. The forecast data is very optimistic, which will further blow The long funds of the Swiss franc have been squeezed. Under the double blow of the weakening of the market and the negative news, the bulls of the Swiss franc have begun to surrender their guns.

0.664 did not constitute an effective support, and the exchange rate of the Swiss franc quickly fell below this small barrier and began to fall continuously. Although there was no diving trend, the falling speed was still very fast.

At the same time, the major currencies of Europa have gone out of a similar trend, the rice dollar has begun to strengthen, and the rice dollar index has also risen steadily.

With no reference, Chen Fan was silent for a while, and finally when the Swiss franc quotation appeared at 0.6635, Chen Fan suddenly shouted to Zheng Xiaopang: "Make more than 3 lots."

Zheng Xiaopang immediately typed in the list that had already been prepared. Earlier, Chen Fan said that he would make a big order, so Zheng Xiaopang had prepared it long ago, and waited for Chen Fan to call to enter the market to buy.

The 3 buy order instantly stimulated the quotation of Swiss francs to jump up, and the quotation instantly reached 0.6637. Obviously, there will be a lot of short funds.

"There must be a lot of bulls who have switched camps. Now everyone is bearish on the Swiss franc, ha ha." Zhang Yang laughed when he saw that their big orders did not stir up any waves in the market.

"It's a good thing not to affect the market's main force to go short. What I'm most afraid of is that we will cause the dealers to worry about us doing long. If we start ahead of time, we still have funds and can continue to increase positions." Chen Fan also nodded and smiled. It’s not good to make a lot of money, just look at it.”

"Now the position is 10.45 lots. Do you want to eliminate the decimal point?" Finally, Zheng Xiaopang looked at the transaction data and said, "It's uncomfortable to keep a small tail."

"Wait a little longer, the next time I increase my position, I'll just hang the tail." Chen Fan was delighted when he heard it. It's a trivial matter, isn't it just cutting off the tail?

"Tell me, is it possible to break below 0.663?" Zhang Yang suddenly asked, because the buying price of the Swiss franc has dropped to 0.6634, which is lower than the price they entered the market before, and now the Swiss franc is almost constant. It is running against the intraday lows, and it is constantly making new lows.

"The next order will enter the market right there. We have only frozen more than 1 million funds. Our position is enough to open positions repeatedly." Chen Fan said without thinking.

Without waiting too long, the trend of the Swiss franc fell to the price they just mentioned. The latest buying price was 0.6631, but at this point, it was obvious that the short sellers in the market began to be cautious, and the quotation of the Swiss franc also began to be between 6630-6632 It is clear that the market has no strength to break the support here for the time being.

Seeing such a situation, Chen Fan hesitated a bit. If he buys a large order here, will it attract the attention of the market, which will affect the continued decline of the Swiss franc, but if he does not enter the market, the current price is indeed cheap. If the main force of the market is here and there is no strength to continue to kill, then the floor price will be missed.

Zheng Xiaopang didn't wait for Chen Fan's call to enter the arena for a long time, he looked over strangely, his eyes seemed to be asking: "Should I buy it or not?"

Chen Fan thought for a while, and finally gritted his teeth and said, "Enter 1 lots. Now start with small orders. I'm afraid that big orders will affect the price."

Zheng Xiaopang understood Chen Fan's worry, nodded without replying, and directly revised the prepared purchase order, buying 1.55 Swiss francs at the market price.

After a while, seeing that the 1-lot order did not affect the trend of the Swiss franc, Chen Fan suddenly said to Zheng Xiaopang: "Continue to place the 1-lot order, and come with 2 lots. You can grasp the timing yourself."

"Okay." Zheng Xiaopang replied, and then tapped the keyboard to enter the 1 lot payment.

Soon Zheng Xiaopang entered the market with 2 lots of buy orders to be traded, but now he also noticed that the current market price has fallen below their holding cost, and they began to show losses on the books, although only a few A little bit, but I can't stand the heavy position now, with more than 14 lots.

Now that he saw the account data, Zheng Xiaopang felt the need to remind Chen Fan, "We have a position of 14 lots, and the cost is 6632, which means that we are losing 5 or 6 points per lot, and we don't have much funds left. It's a thousand dollars."

"Then transfer another 1 million, no, 3 million will come in, and you can make up 5 million yuan." Chen Fan said with a slight frown. There is no need to look forward and backward in a big betting situation where you must win.

(End of this chapter)