legendary trader

Chapter 196 Chapter 195
"Time is really hard to bear, and there are still more than two hours before the result." Zheng Xiaopang looked at the gold price chart and shook his head, "The market is too calm during this time."

Zhang Yang said with a smile on the side: "The auction over there hasn't started yet, so the market is of course calm. However, I think the market will fluctuate violently before the auction results are announced, so there should be more funds to bet on the direction."

"Then do you bet on the ups or downs?" Zheng Xiaopang asked.

"Of course it has fallen. The market is all short now. It is estimated that those funds will probably bet that the auction price is lower than the market, so they must be betting that the price of gold will fall." Zhang Yang laughed, "Do you dare to accept the move?"

Zheng Xiaopang stroked his chin thinking, finally shook his head and said: "Forget it, don't gamble."

At this time, the door of the trading room was pushed open, and Ma Yunbo walked in.

"Why didn't Brother Ma go back? Your house." Chen Fan asked when he saw Ma Yunbo coming in.

Ma Yunbo smiled and said: "Didn't you predict that there might be a big move in the gold price tonight? I'll come over and have a look. The family has already made arrangements."

"What were you talking about just now?" Ma Yunbo asked after finding a place to sit down and turning on the computer.

Zheng Xiaopang said with a smile: "We are betting on whether the price of gold will rise or fall before the news is announced."

Ma Yunbo thought about it and said: "You bet on that. Under the current situation, if you enter the market to bet on the direction of the gold price, there should be no one to bet on."

"Why?" Zheng Xiaopang asked.

Ma Yunbo smiled and said, "If you bet on the auction result, it's already started now. If you look at the current trend of gold prices, you will know that there is no one to bet on that."

"It has fallen below 260." Zhang Yang said, "The market is still mostly bearish."

At this time, several consecutive empty orders pushed down the gold price by 260 yuan, but when Zhang Yang spoke, the gold price bounced back to 260 yuan.

Ma Yunbo smiled and said: "According to the analysis results of the current analysis reports, the gold price of this auction will most likely be lower than 250."

"Is it because the drop after the announcement of the auction results is the time for us to enter the market?" Zhang Yang asked a little uncertainly, looking at Chen Fan.

Chen Fan also noticed the look in Zhang Yang's eyes and nodded.

The three of them were silent now, and Chen Fan felt that they seemed a little worried, and felt that they seemed to be going against the trend when they entered the market at that time, so he could only smile wryly.

Time passed unknowingly, it was already past 9 o'clock in the evening, and the price of gold had fallen below 260 yuan, which would still be resisting around 259 yuan.

Zheng Xiaopang browsed the official website of the Bank of England from time to time, waiting for the news to be released.

"As soon as the news came out, rivers of blood flowed." Zhang Yang joked seeing Zheng Xiaopang's irritability.

Zheng Xiaopang said expressionlessly: "259 closed 1 lots, why does it feel like I made a loss?"

Ma Yunbo said with a smile: "It's all buying. It doesn't make much difference between closing or opening a position here, it's the same."

Several people started chatting casually, and the quiet trading room became lively.

As the time for the announcement of the auction results by the Bank of England drew closer, the market became active, and the price of gold unsurprisingly began to fluctuate and fall.

"It's time to break 258," Zhang Yang said.

Zheng Xiaopang shook his head and said, "It took more than half an hour to drop to such a point, it's boring."

Until 10:7 p.m., the official website of the Central Bank of England finally released the gold auction announcement, and the final transaction price after the opening of the hidden bids of all participants was 245 yuan per ounce
In an instant, the calm water surface was broken by a big rock, and a large number of empty orders began to enter the market. In less than a minute, the price of gold dived from 1 yuan to 257.75 yuan, and the decline continued.

"Close the position, all." Chen Fan gave an order to the trader, and then said to the other three: "Let's open a long position."

Ma Yunbo was a little hesitant at this time, but he still didn't say anything.

A few people began typing on the keyboard to place long orders. Chen Fan got up and walked to Zhang Yang's side, muttering something in a low voice, Zhang Yang nodded and got up and walked out of the trading room.

In a few minutes after the announcement of the news of the Central Bank of England, the gold market was under tremendous pressure. A large number of empty orders tilted down against 250 yuan, and the price of gold also quickly fell below 255 and 254 yuan, and it was barely until 253 yuan. stabilize.

After Chaofan Investment completed the liquidation of all short positions above 255, it continued to build long positions during the decline in gold prices. After a few minutes, the long positions accumulated more than 2 lots.

But when the price of gold fell to 253 yuan, long orders began to increase sharply. Although the market was active, the price of gold still maintained and began to move sideways.

With the passage of time, the empty orders also began to shrink gradually, but the long orders did not show a strong willingness to attack. They just silently accepted the selling orders below, without the intention of actively pulling up the gold price.

As the price of gold stopped falling, the bears also seemed to wake up from the excitement. After a large number of long orders appeared in the market, the actions of the bears began to decrease obviously, although there were still large orders thrown out from time to time.

The price of gold began to consolidate around 253 yuan, and it couldn't go up or down.

"This is the end? 250 is not broken." Zheng Xiaopang looked at the gold price chart and said helplessly.

"There are fewer short sellers now, and the price of gold may not go down." Zhang Yang answered while placing an order.

Zheng Xiaopang was a little upset, and the shrinking trading volume also slowed down their speed of building long positions.
"It seems that 252 is a low level, is it now a sideways bottom?"

Zheng Xiaopang asked Chen Fan.

Chen Fan spread his hands after thinking about it, "I don't know."

Looking at the sideways trend of the gold price, Chen Fan was also a little uncertain about the pulse of the market, but the brightness of gold was certain, with an increase of more than [-]%.

At this time, Ma Yunbo answered: "Generally, the market has digested such news long ago, and the transaction price is also expected. It should be said that the auction price summarized in the analysis report is very pertinent between 240 and 250 yuan. It exceeded market expectations, so the decline was limited."

After talking, Ma Yunbo thought about it before continuing: "After the news was announced, it is estimated that a small amount of funds intending to fish in troubled waters are short-selling, and most of the funds have begun to leave the market now. You see so many long orders below."

Zheng Xiaopang nodded in agreement, "The answer is correct, continue to grab orders and increase the long position as much as possible."

Chen Fan thinks what Ma Yunbo said is right. The price of gold itself should have no downward momentum. Now that the gold auction is over, it should be more profitable if all the bad news is exhausted. I don’t know what the Central Bank of England will think when they see the price of gold skyrocket after they have significantly reduced their gold positions. .

Thinking of this, Chen Fan laughed out loud.

Zheng Xiaopang turned to look at Chen Fan in doubt and asked, "What are you laughing at?"

"I was wondering if the boss of the Central Bank of England would jump up and scold if the price of gold skyrocketed. They have contributed a lot to the floor price," Chen Fan said.

"It's from the state. Why is he jumping around? Who knows if they're buying it themselves?" Zheng Xiaopang saw that the price of gold seemed to be really bottoming out, so he began to relax, although he was still very sorry. A large number of empty orders above 260 are closed.

Zheng Xiaopang felt very sorry for the short positions that were urgently closed above 260, but seeing that it is very difficult to quickly build up a large number of long positions at the current price, it is really obvious that the market shorts have plans to retreat.In fact, other short-selling gold funds are waiting to take advantage of the timing of the gold price auction by the Central Bank of England to take advantage of the market decline to quickly close positions and make profits.

The gold market is not only a limited decline, the most important thing is the lack of short-selling momentum, which makes it very difficult for a large number of short sellers to close their positions. Although everyone is still very tacit at this time to close their positions at low market positions, there is no rush Pull up the price for a quick exit.

So after regretting, Zheng Xiaopang began to rejoice again. Although the price of gold has not risen, the probability of rising is getting higher and higher according to the current situation. Is it also very difficult to close a position?

Fortunately, now I am opening a long position here.

Zheng Xiaopang felt comfortable all over, leaned sideways to Chen Fan and asked in a low voice, "How long do you think it will take for the price of gold to go sideways now?"

Chen Fan shook his head, thinking that I'm not a bookmaker, how would I know about this.

Seeing that Chen Fan didn't answer, Zheng Xiaopang asked in a low voice, "How about we play the role of banker and raise the price of gold?"

Chen Fan turned his head to look at Zheng Xiaopang and said, "It's a serious matter to get more orders first, don't think about what you have."

Seeing that Zheng Xiaopang's enthusiasm seemed to cool down a bit, he added: "There is no way to be a banker in the gold market, you can only follow the trend. The funds involved in this market are too complicated, and besides investment banks, many government central banks are also watching. So don’t try to copy the trend of Zhuanggu in the stock market, it will be played to death.”

Zheng Xiaopang was a little unconvinced, and shook his head and said to Chen Fan: "Didn't you predict that the price of gold will rise? Since it is going to rise, then we are not going against the trend to raise it."

Chen Fan pondered for a while before replying in a low voice: "I'm not sure when the gold price will be pushed up by the funds. If the gold price rises, we can rush up and grab the top orders if the gold price rises, but you want to manipulate." Said Seeing Chen Fan spread his hands, "We don't have that ability, don't think so much about those with small arms and legs."

"How much is enough? One hundred thousand hands?" Zheng Xiaopang asked.

Chen Fan shook his head and pointed to the computer screen and said, "As far as the current list is concerned, it's not bad if the price of gold doesn't rise, but you still expect a big short order to let you enter the market."

Seeing that Zheng Xiaopang stopped talking, Chen Fan went on to say, "Now as long as there is a short fund to take him to close the position, the price of gold may not be able to hold back."

Zheng Xiaopang heard the eyes rolling around here, and then said eagerly: "Then don't wait for others, let's go."

Chen Fan rubbed his chin and said, "If we had meant it earlier, we shouldn't have closed the last [-] empty orders. At that time, we would directly open long orders, and all the short orders would be concentrated at this time to enter the market to close the positions. I guess It’s still possible to crash the market.”

"Then what should we do? Just wait like this?" Zheng Xiaopang asked anxiously.

"At least if there are big short orders coming in to close the position, it's safer for us to pull it up. Don't take the lead at the turning point of this trend. It's a bit dangerous." After thinking about it in Chen Fan's mind, he still thinks it's safer not to be the first bird, and wait. The multi-headed charge was blown and then rushed in.

With the continuous accumulation of long orders below, it is becoming more and more difficult for short orders to suppress the price of gold. It is inevitable that the price of gold will start to rise at the bottom, and a small upward channel will gradually appear on the time-sharing trend chart, and the price of gold will approach 254 meters Yuan.

Ma Yunbo, who had been silent for a long time, could speak now, "There are no empty orders up there, I'm afraid they won't be able to hold it down, should we go up to eat?"

Zheng Xiaopang nodded and said: "Of course, you see that most of the buying orders are closing orders, and there are very few opening orders. It seems that we have made a mistake."

Chen Fan didn't think it was a big deal at all. There was no need to rush ahead with the big money in the market.

As the price of gold rose, more and more funds began to raise the price to close the empty orders in their hands, and the price of gold began to rise irresistibly and accelerated.

Chen Fan glanced at Zhang Yang at this time, Zhang Yang also noticed that Chen Fan was looking at him, and just nodded with a smile.

Feeling that the price of gold has risen, and there will be no more mistakes, Chen Fan said to everyone: "Go up and grab it, it seems that you won't be able to get the list down."

Before finishing the sentence, the price of gold has been directly robbed from 254.03 yuan to 254.40 yuan. Although the transaction price fell to 254.31 yuan later, it is obvious that a large number of buying orders have begun to enter the market impatiently.

In just a few minutes, the price of gold has experienced an incredible "V"-shaped reversal, which will be less than two hours before the Bank of England announced the results of the gold auction.

The price of gold wiped out the plunge caused by the announcement of the gold auction in a few minutes, and was directly hit back to 258 yuan in one breath. The list also began to pour out in large quantities at this time.

Obviously, although market participants believe that the current price of gold is in a low area, there is still no consensus. Many institutions still believe that the price of gold still has room to fall, so they choose to enter the market when the price of gold rebounds rapidly.

"Now is the opportunity to open a position, pay attention to grab the empty orders above." Chen Fan looked at the board and said suddenly.

"The market is a bit weird, why are the bears so impatient to get out?" Ma Yunbo said a little puzzled.

"Is it because the short sellers have a very large order and can't find an opponent? Gold has fallen for so long, and the positions in the hands of short sellers should have accumulated huge." Zhang Yang said uncertainly.

Chen Fan turned his head to look at Ma Yunbo and asked, "You mean if the short sellers can't get out of the market, they might consider making another round?"

Ma Yunbo shook his head noncommittally and said: "It doesn't look like it. The short order is huge, but looking at the information on the exchange, it seems that it is still very scattered. It doesn't seem like there are large institutions heavily trading gold."

Zheng Xiaopang suddenly said: "Didn't the news say that many countries in Europa were planning to follow the operation of the Bank of England? It seems that there is no follow-up."

But Zhang Yang shook his head and said: "Apennines seems to have sold some gold in the market, but not much. Other countries seem to be talking about it, but they have no actual action."

Chen Fan said to Zheng Xiaopang who was beside him: "Keep an eye on the news over there to see if there are any beeps from the central banks of other countries."

Zheng Xiaopang also reacted, and asked: "You mean that some countries have expressed that they will not follow the actions of the Bank of England, so the short sellers can't sit still and plan to run away?"

Zheng Xiaopang asked without stopping, and quickly exited the trading system and opened a browser to log in to the news page.

Then I saw Zheng Xiaopang said with a smirk on his face, "I can't understand other languages ​​on Europa except English. I can't understand news websites from other countries."

(End of this chapter)