legendary trader

Chapter 308 Chapter 309 With the main force

Now that he has decided to make a short-term short position, Chen Fan turned his head and said to Zheng Xiaopang: "It's up to you to operate. Now try to place two short orders of 0.709 lots at 2, and you should be able to break through this price."

"Okay, I'll try typing it out, it shouldn't be a big problem." Zheng Xiaopang said while typing on the keyboard.

Immediately, a short order of 1 lots was opened and entered the market. Chen Fan faced the current Swiss franc quotation, 1 remained unchanged, and it was still there.

Obviously, this order may not have had much impact on the price. Seeing that Zheng Xiaopang stopped his hand and seemed to be waiting for the return of the transaction, Chen Fan shook his head lightly and said: "Go ahead, continue to sell 1 lots at the market price, there is no need to wait."

After hearing Chen Fan's words, Zheng Xiaopang immediately started typing on the keyboard again, and once again placed an empty order of 1 lots. Although there was no transaction return this time, the price trend line of the Swiss franc finally dropped, and the latest quote on the quotation was 0.7089 Price finally jumped out.

"Huh, it seems to have penetrated." Zheng Xiaopang's voice came from next to his ear.

Chen Fan bit his lip and thought for a while, "Spend another sum to prevent the Swiss franc from rising again. The key here is that we also need to open a short position."

"Yes, I will continue to sell." Zheng Xiaopang replied hastily, and immediately made another empty order.

At this moment, Chen Fan took the time to look at the transaction returns. The transaction price of the first short order was 0.7088, and the second transaction slipped to 0.7086.

Obviously, apart from a certain amount of long-order support near 0.7090, the resistance below should not be very strong. Thinking of this, Chen Fan hurriedly said to Zheng Xiaopang: "Continue to place short orders outside, the support below may not be strong. You can buy the bill later and eat."

"Ah?" Zheng Xiaopang was a little surprised. The main reason was that he couldn't break through 0.7090 just now. Now Chen Fan suddenly said that there might be no support below. The contrast is a bit big, which made Zheng Xiaopang a little confused.

After Zheng Xiaopang saw the transaction return, especially the second transaction, he knew what Chen Fan meant. After breaking through here, there might not be many orders entering the market below. Thinking of this time, he will be short-term. , Zheng Xiaopang immediately began to continue to sell orders and short the Swiss franc in high spirits.

The subsequent trend of the Swiss franc also confirmed this judgment. After 0.7090 was broken, the long orders below were obviously insufficient. Zheng Xiaopang only placed 2 short orders of 0.7082 hands and the exchange rate fell to the level of [-]. There is a slight diving trend in the trend.

"5 lots, with an average price of 0.7083." Zheng Xiaopang checked the status of empty orders and reported them directly to Chen Fan.

In fact, Chen Fan also saw it, but he didn't say anything. He just nodded.

In just this moment, the quotation of Swiss franc has slipped to 0.7080.

"See if there is any support here. Shall we make up a 10 empty lot?" Zheng Xiaopang said to Chen Fan cheerfully as he watched the Swiss franc being smashed down by himself.

"There is no need to make up the whole number, let's take a look first." Chen Fan also turned his mouth up, and said with a smile on his face: "Don't make the empty order too big. I am starting to worry that there are not enough empty orders. It will be too late for us to close the position." Difficult, after all, our ultimate goal is to add positions below."

"The market is so big, it shouldn't be difficult to set up hundreds of thousands of hands." Zheng Xiaopang despised Chen Fan a little bit, he was too timid to be afraid of such a small order.

"If everyone is bullish again after the retracement, you can see who is short." Chen Fan shook his head and disagreed with Zheng Xiaopang's statement, "Now everyone is bullish on the Swiss franc. I think the funds that dare to enter the market at this time are holding The short-term behavior is operating, not a real short position, we have to turn more than them before we can grab the desired short orders from the market and build long positions."

"You mean, we don't want to open positions around 40 or 50, and we want to enter and build positions at a higher price?" Zheng Xiaopang understood Chen Fan's meaning and asked cautiously.

"We should establish a long position above 50 to be sure of getting the orders we need. Even if it is near 60, we may have to sell all the empty orders in our hands to be safe." Chen Fan frowned and watched the changes in the market. Lang has already fallen below 0.7080, because the fall from 0.7090 was relatively rapid, and short positions quickly appeared on the market. Short positions suddenly appeared in the market, and a large number of funds planning to enter the market to do long may have felt the pressure and began to suspend trading. Waiting for the market to adjust in place, and this has also led to the obvious lack of support in the Swiss franc market, which is still declining.

"We didn't hit it right now, the Swiss franc has fallen so badly, boy, the bulls below are not strong." Zheng Xiaopang sighed after seeing the Swiss franc fall to 0.7073, "It's hard to say what our current operation is. In the eyes of outsiders, we are regarded as the main force of the Swiss franc.”

"Smash the plate at key points, hehe." Chen Fan thought it was a bit funny, but he didn't say anything more.

"Because of our entry, it seems that we can drop to around 60 in a while. Is it possible to start closing short orders there?" Zapan asked, seeing that the Swiss franc had slipped by 1 point. I can see that the Swiss franc is very weak during the session. The bulls should be frightened by the short-term rapid decline. There is almost no sign of a rebound in the market for a while, that is, no off-market funds enter the market at this time. Obviously everyone I chose to wait and see.

Zheng Xiaopang does not believe that these funds have been short-sighted. Most of the market analysts are bullish on the Swiss franc. It is impossible to have so many funds short-sighted on the Swiss franc. There will be no funds in and out. It is obvious that they are temporarily intimidated.

This time, Chen Fan didn't speak, and he focused all his energy on the support of the Swiss franc at 0.7070, to see if it fell quickly or resisted.

Not disappointing nor hopeful, the Swiss franc just resisted a bit here before falling below again.

"Did you say there is a profit order coming out now?" Zheng Xiaopang didn't operate this time, and felt a little bored, so he had nothing to say to Chen Fan.

"You can't see clearly. You can only know if there is an order if you enter the market and buy a few lots. If you want to leave the market, the order will be relatively large. If you can trade at a low price, then there is an order out." Chen Fan said with a smile.

"The current price is not suitable. When it falls below 60, let's try to level 1 lots?" Zheng Xiaopang's thoughts were spinning rapidly, and he expressed his thoughts.

"You can try it. The 5 lots will be closed between 50 and 60, and the next one is to open a net long position." Chen Fan nodded in agreement with Zheng Xiaopang's idea of ​​​​testing the market, "Close the position after a while if you feel suitable. Bar."

After falling below 0.7070, the rate of decline of the Swiss franc has obviously slowed down. It is obvious that there are funds here that have begun to enter the market in small quantities, so the price of the Swiss franc has a certain support here, and it seems that there is a movement to stop the decline.

However, because the rate of decline was only slowing down, the Swiss franc was still falling, so Chen Fan and Zheng Xiaopang didn't panic at all, they just quietly watched the changes in the market.

It's also interesting to say that Chen Fan wanted to doze off when he was watching the tape, but now he was refreshed and didn't feel sleepy at all.

After another few minutes, the exchange rate of the Swiss franc fell to around 0.7062, and there seemed to be signs of stopping the decline. The price has been consolidating here for more than a minute and has not continued to decline.

"It's going to happen, are you stable?" Zheng Xiaopang frowned. What he is most afraid of now is that the Swiss franc will not fall. If you make a bottom here, if you really make a bottom here, it will not only disrupt the Their plan, and to close the short position and open a long position, there is only [-] points of space, and the profit will be greatly reduced.

"Hold on, let's take a look." Chen Fan couldn't control the market, and he felt very upset at this moment. It seemed that the price would stop falling, and the price was already relatively close to the price he wanted, so it was acceptable. Yes, but the preconceived notion made him want to operate below 60, and the market at the moment made him feel more uncomfortable.

Concentrated, Chen Fan decided to wait and see the subsequent trend of the Swiss franc before making a decision.

The Swiss franc rebounded a little during the few minutes of trading here, but the strength of the rebound was not strong. It only rebounded to around 0.7065 and then fell back. It was this rebound that strengthened Chen Fan to continue The determination to wait.

Now that the market has rebounded, it means that the long-term sentiment here has also been wiped out. Presumably, if it turns down again, the short-seller momentum will be further strengthened.

And when the rebound ended, the Swiss franc really began to fall. Although the initial decline was not fast, as the price continued to fall, the decline began to show signs of acceleration. It was directly reflected on the disk that the previously very stable 0.7062 was only supported It fell through after 1 minute.

Seeing that the Swiss franc finally fell below 0.7062, Chen Fan and Zheng Xiaopang breathed a sigh of relief, which indicated that the Swiss franc would continue to bottom out.

After breaking through the support this time, the decline of the Swiss franc was significantly accelerated. There was no decent rebound at 0.7060, and it was quickly broken. The price of the Swiss franc fell all the way to around 0.7057, and the speed of the decline slowed down a little again.

"The resistance below is stronger." Chen Fan said, "It seems that we are very close to the bottom area."

"Yeah, it only dropped by a dozen or so points and then it held up again." Zheng Xiaopang nodded and said, putting his finger on the top of the keyboard, hesitated for a moment and said, "I'll close 1 empty orders here first."

After speaking, he tapped the keyboard without hesitation, and released 1 empty orders to close the position.

After releasing the first order, Zheng Xiaopang did not rush to prepare the second order, but stared at the transaction return, wanting to see where the final transaction price would be.

Soon, the transaction information was refreshed, and 0.7059 empty and flat orders were traded at 1.

However, judging from the realization of the market after the entry of this order, the price of the Swiss franc has not been affected in the slightest. It seems that there are still a lot of orders entering the market at this time, so 1 orders have not been able to push up the price. Up 1 point.

"There may be more empty orders." Zheng Xiaopang expressed his judgment when he saw this.

"Wait a while, let's see if this place can last." Chen Fan still looked at the computer screen, looking for the latest direction of the market with the numbers constantly jumping up on it.

After waiting for a while, the market seemed to have no intention of continuing to fall, and it seemed that a rebound was brewing again.

"Let's drop a pen, if we really want to play it, let's help." Chen Fan thought about it.

"Okay, I'm afraid it won't help you." Zheng Xiaopang tapped on the keyboard and typed out a 1 hand empty order.

The order to close the position this time is very unusual. After entering the market, the market still has not changed at all, and it seems that the price of the Swiss franc has not been leveraged.

"Is the top one crushed to death?" Zheng Xiaopang also noticed that there was no change in the market after he entered the order, so he could only continue to wait for the transaction information.

It is still 0.7059 to close 1 lots, nothing else, and the price of Swiss francs remains there.

"Hiss, I'm afraid the meeting will be crushed to death. There should be a lot of limit price empty orders." Zheng Xiaopang looked at the 2 hand liquidation orders but failed to pry up the price of Swiss francs, so he told Chen Fan beside him. Said.

"Closing all the remaining 3 lots, I'm afraid there are large funds here to close the position, so the price is temporarily suppressed." Chen Fan thought for a while before he said uncertainly, he was not sure Will there be large funds leaving the market here? It is said that such institutions should not withdraw in the current market.

With a "snap", Zheng Xiaopang tapped the keyboard and released another 1 hand empty order, saying in his mouth: "Who will leave the market now? Everyone is bullish on the Swiss franc. It's just a bluff."

"Bluffing?" Hearing what Zheng Xiaopang said casually, Chen Fan was stunned for a moment, and then he understood, "Someone should be deliberately creating a short atmosphere, the purpose is to attract profits, and our intention is actually the same , wait first, and don’t rush to close the rest.”

Zheng Xiaopang was planning to place another order at this time, and immediately stopped his actions when he heard this, "There are only 1 empty orders."

"Wait another 2 minutes and see, if it doesn't fall, we'll close the position again." Chen Fan replied simply.

I don’t know how much money will enter the market to buy, but obviously the price of the Swiss franc is so tightly suppressed here that it cannot move, and soon some funds can’t stand it, especially the funds that are planning to exit the market. Seeing that the market has not rebounded at all Signs of disappointment began to choose to cut prices and leave the market.

The price of the Swiss franc started to fall again, 0.7056, 0.7055
"It's started, this time it should be able to reach the price of 50." Zheng Xiaopang said with a little excitement when he saw that Chen Fan had guessed right again, and he was in a good mood.

Chen Fan shook his head this time, "The situation is very bad now, someone is also thinking the same as us, and we need to enter the arena faster."

"As long as we stand on the side of the main force in the market, we can also drink soup when they eat meat, right? At most, we will take less positions, but this is safer." Zheng Xiaopang didn't think too much about it. At this moment, he began to feel the safest. It's important, because the amount of funds entered by Chaofan Investment this time is already very large. It would be a lie to say that there is no worry about taking out such a large amount of funds to gamble, but it is different now. It should be that there are even larger funds standing with them. Together, Shu Tan.
The exchange rate of the Swiss franc quickly fell to 0.7050, but unexpectedly broke without forming any resistance. "It seems that a lot of buying orders were consumed at 57 earlier, which also attracted more selling."

Chen Fan shook his head while talking, "Let's close the 2 lots, and let's focus on opening long positions later."

(End of this chapter)