legendary trader

Chapter 296 297 Opening a Big Order (Thanks to all readers, and thanks to all friends who rewarded monthly and recommended tickets)

Chen Fan began to pay more attention to technical indicators, because foreign exchange trading seems to place more emphasis on the analysis results of technical indicators, so he can only get used to it a little bit.

With the arrival of the Europa trading session, the trend of the Swiss franc did not reverse, but continued to fall along with the decline in the late Asian market. Although the speed was not fast, it soon fell below 0.6650. The latest exchange rate shows 0.6645/ 0.6649, Zheng Xiaopang also came in at this time, and happened to see the Swiss franc slide to 6647 points.

"Damn, we lost money." Zheng Xiaopang said at this time, and sat on the chair next to him and asked Chen Fan: "Is there an order?"

Chen Fan shook his head, "It's only now, so why panic?"

"What started? Falling?" Zheng Xiaopang said it casually, but he didn't expect Chen Fan to say what started, so he asked.

"Swiss franc should fall in the short term, and short-term indicators need to be corrected." Chen Fan replied without looking at Zheng Xiaopang.

"Let's go short, since it's going to fall, we should go short immediately." Zheng Xiaopang said hastily after hearing this.

Chen Fan shook his head, "I'm still not familiar with foreign exchange, so do less and make less mistakes, and I judge that the Swiss franc should rise, it's just a short-term correction, there is no need to rush to operate."

"Hey, aren't you familiar with technical indicators? Come on, Fatty, use technical indicators to analyze." Chen Fan suddenly thought that Zheng Xiaopang seems to like to use technical indicators for analysis, and hurriedly said to him again.

"Those things are all deceptive. The art of war is cloudy, soldiers are impermanent, and water is impermanent. Technical indicators are only for analyzing past trends. For the future, it is actually the feeling of people who rely on analysis. If you think it will rise, then seeing the indicators is to If it signals a rise, even if it feels like it’s going to fall, you’ll think it’s a scam made by the dealer.” Zheng Xiaopang hurriedly shook his head when Chen Fan asked him to analyze the technical trend of the Swiss franc.

He knew that his two knives were only caused by the technical indicators to lead him to lose a few thousand dollars, so he had already thrown them to Java.

Chen Fan could only scratch his head when he heard that. He was the one who led him to criticize the theory that the technical indicators were useless, so it is hard to say anything now.

Now I can only rely on my own level of three knives to look at the technical indicators to analyze the next trend of the Swiss franc. Anyway, it is going to rise. As long as there is no sharp drop and liquidation, there is actually no risk.

With the decline of the Swiss franc, the KDJ index also appeared a dead cross at a high level, but this only means that the Swiss franc fell just now. In fact, it cannot be said whether the Swiss franc will continue to fall, because if the Swiss franc rises again at this time, KDJ will immediately come to a high-level golden cross. If the rise continues, the indicator will soon be passivated
Because of these, Chen Fan never believed that technical indicators could predict the future trend of stocks or other trading products.

Of course, this is an indicator distortion that only occurs when the price fluctuates violently. Most of the time, the trading variety still has a certain inertia, that is, once it starts to rise, it will generally last for a certain period of time, but it is difficult to say that the rise at this time is technical. What is predicted by the indicators, in fact, everything is still at work in the market, and technical indicators cannot be analyzed to produce any results.

But now at this time, when there is no more reference basis, only the technical indicators are left when looking at the trend chart. Chen Fan has no choice but to admit it. After simply looking through the technical indicators, the forecast direction given by the medium and long-term indicators is not accurate. Obviously, the short-term indicators showed signs of peaking, which was basically the same as Chen Fan's analysis based on the trend chart.

Without the huge trading volume that makes people excited, Chen Fan feels that he has no passion, and the trading funds in the market are all exchanged in currency without sound.

Chen Fan didn't know if the transaction data given by Jinxin was just the transaction volume of Jinxin's channel or what, but the transaction volume was really very small, which made him not passionate, and he couldn't see thousands of troops fighting in the market. It always feels like something is missing.

When it was almost 6 o'clock, Zhang Yang came over to invite them to eat, and Chen Fan and Zheng Xiaopang got up and followed Zhang Yang downstairs.

There shouldn't be any changes in a short period of time, and Chen Fan and the others didn't rush, and the meal didn't end until almost 8 o'clock.

The three wandered back to the core trading room, and did not go to other trading rooms to see the traders. The core trading room was very quiet.

After brewing tea and sitting in front of the computer, the exchange rate of the Swiss franc had dropped to 0.6643. Zheng Xiaopang looked at Chen Fan, "Do you want to continue to increase your position?"

Chen Fan didn't answer in a hurry, and looked at the technical indicators, which surprised Zhang Yang next to him, "When did you start using technical indicators?"

"It started when I was engaged in foreign exchange. I didn't bother to look at that thing before." Chen Fan said with a curled lip.

"The trading volume of this Swiss franc is so small, if you want to open a bullish position, you have to enter the market and place an order early." Zhang Yang didn't feel anything, and continued to talk on his own.

"Don't talk nonsense if you don't understand." Zheng Xiaopang said on the side, he heard Chen Fan say the difference between foreign exchange trading and stock futures, he already understood the situation, and then explained to Zhang Yang in a low voice.

Chen Fan ignored the two of them, and the short-term indicators were bearish, but the KDJ has fallen from a high level to a low level because it fell too fast. If the posture is not pulled up here, the low level will be passivated.

Suddenly remembered something, Chen Fan checked the settings of the technical indicators, then turned to ask Zheng Xiaopang: "I said fat, are the parameters of this technical indicator usually set by the hour?"

Hearing Chen Fan's question, Zheng Xiaopang and Zhang Yang ended the exchange, Zheng Xiaopang said: "Generally, it is set by day, but you can also set it like this for short-term, if you need, I can set the parameters for you by minute. "

Chen Fan waved his hand, "I wonder why this indicator changes so much in one day."

"Do you want to open a position today?" Zheng Xiaopang saw that Chen Fan didn't ask about technical indicators, so he asked, "At what point do you plan to enter?"

"There is no target, just wait." Chen Fan shook his head and said.

After waiting for several hours, the exchange rate of the Swiss franc fell again and again, and soon approached 0.6630.

"If it's like this today, let's go back." Zheng Xiaopang said while watching the trend of the Swiss franc.

"When we checked that day, the Swiss franc was 0.6622, right?" Chen Fan asked suddenly.

"It seems to be, it should be the middle price. It is estimated that the exchange rate at that time should be 6620 and 6624." Zheng Xiaopang said perfunctorily, and he was already tired of sitting for a long time.

"Then place an order at 6620, and place 100 lots to see if you can buy it." Chen Fan began to place an order as he said that, and Zheng Xiaopang also understood that Chen Fan was getting tired of looking at it, and this was the rhythm of slipping away.

After placing the order, the three of them left the trading room and went straight home.

The next day Chen Fan went to the company late, arriving at the company after 11 o'clock.

Last night, shortly after she fell asleep, she received a call from Liu Ying, and she briefly talked about the progress of the negotiations with Europa. Only then did Chen Fan know what newspaper she was looking for.

Indeed, second-rate is second-rate, Chen Fan can assure you, a name he has never heard before.
When he came to the company, Chen Fan dealt with the documents on his desk as usual and went directly to the core trading room. Zheng Xiaopang was already inside. After saying hello, Chen Fan sat down at his usual position, turned on the computer and began to read today's trading room. quotes.

While the computer was on, Chen Fan glanced at Zheng Xiaopang's computer, Swiss franc/meter yuan 0.6621 (0.6619/0.6623), the Swiss franc really fell, and the order placed last night was sold.

"A deal? When did it happen?" Chen Fan asked in a voice.

"This morning, not long after we left, a wave jumped and buried us." Zheng Xiaopang smacked his lips and said, a little bit unfinished, and then said: "The list from the day before yesterday was sprinkled with soil, a little deeper."

"Nonsense, isn't it thanks to thirty points, what kind of soil is there?" Chen Fan was amused.

"Did you read the analysis report this morning? People in the research department are still saying that the future of the Swiss franc is good. They don't know that their boss has been buried." Zheng Xiaopang was still complaining expressionlessly.

"Hehe. Increase the position and spread the cost. Let's see how many positions we have in a while. I plan to enter the market with a full position to gamble today." Chen Fan also joked, "Don't stop me, this is my fight. "

Here, Chen Fan saw that the computer had been started up, and started to click on the program to enter the market system. It was quite troublesome to set up the interface to be viewed one by one among the four computers.

"Damn it, it's coming again." When Chen Fan was entering a set of account numbers and passwords, he heard Zheng Xiaopang's cry in his ears.

Chen Fan turned his head and looked at it. It seemed that the Swiss franc was about to fall again.

The buying price of Swiss francs dropped directly from 0.6621 to 0.6619, a jump of 2 points. This is relatively rare, and it is the Asian trading time, and the market activity is actually not high.

But obviously this is not over. When Chen Fan set up the computer in front of him, the exchange rate of the Swiss franc had dropped to 0.6615, and then there were signs of stabilization here. It was once pulled up to 0.6617 during the session, but It couldn't help but finally fell down again.

Only then did Chen Fan switch to the background data to look at the data. The current position cost is a bit high, at 0.6645, holding 627 lots of long orders, and the frozen margin is not much, only a few hundred thousand meters. It is still in a light position. No need to worry.

Chen Fan glanced at Zheng Xiaopang and said, "You come first, what do you think after watching it for so long? Should you enter the market at the current price to increase your position?"

Zheng Xiaopang thought for a while before saying: "I think we can increase the position. Now our position is already light, and now I don't feel trapped."

"Huh?" Chen Fan was amused by Zheng Xiaopang again, "We have lost money, although it is not much, but it is not enough."

"It's just small money. With you here, I can earn it back in minutes." Zheng Xiaopang stretched out his palm and patted Chen Fan's shoulder nonchalantly.

Chen Fan also ignored Zheng Xiaopang, and directly made another long order of 0.6615 lots at the current price of 373.

Soon the transaction returns came, all transactions were completed, and the cost of holding positions also dropped to 0.6634.

"I have lost a lot, and my mentality is much more balanced now." Chen Fan laughed.

"Indeed, the cost is less than ten points, comfortable, continue, don't stop." Zheng Xiaopang also laughed cheerfully, not taking the current intraday loss in his eyes at all.

"Take a look at the technical indicators. Is there any possibility of stopping the decline?" Chen Fan cheerfully said to Zheng Xiaopang, "You have read more about those things. I don't understand them at all. Take a look."

"What's interesting, the short-term indicators continue to be short-term, the medium-term indicators showed signs of bottoming yesterday, and today they are loose, and the long-term indicators are just slowing down, and there is basically no reaction." Zheng Xiaopang shook his head, "I came here this morning to see When the Swiss franc fell like this bird, I looked at it, and I couldn’t see anything. Whether it’s the hourly line or the daily line, it’s still bearish.”

Soon it was noon, Zhang Yang brought over lunch, and several of them ate and chatted on the sofa in the trading room. They couldn't see the bottom of the Swiss franc, but Zhang Yang still mentioned that since they are all bullish on the Swiss franc, don't think about it. If you don’t know the bottom, just close your eyes and enter the market to build a position. Waiting for the price to go up is much better than guessing.

Hearing Zhang Yang's words, Chen Fan was a little moved. Since he is bullish, he doesn't care about the trend, just enter the market on dips, why bother so much.

After eating, seeing that the exchange rate of the Swiss franc was still there, he directly tapped the keyboard to make another sum, and bought an order of 0.6615 lots at 500. The time is even lower, so what are you waiting for, just keep entering the market, and first build up the initial 5 million yuan position.

Zheng Xiaopang saw that Chen Fan began to place large sums of money, and his hands were a little itchy, but looking at the foreign exchange trading interface, there was no feeling of fighting between long and short, and he also felt that something was missing, so he hesitated for a long time before saying: "Then I also Let's make an order."

"You can do it if you want to, and no one is stopping you." Chen Fan said angrily.

Zheng Xiaopang thought for a while, and instead of placing an order at 0.6615 again, he placed an order below, opening a position at 0.6614 and buying 1000 lots.

But this is not over, and then 0.6612 lots were listed at 2000, and 0.6610 lots were listed at 3000.

Seeing Zheng Xiaopang put up three orders in a row, Chen Fan hastily stopped him and said, "Why are you placing so many orders? If you want to buy, wait until the price drops."

"Put it up, and it will be a deal when the price is reached. I'm too lazy to put it up one by one." Zheng Xiaopang shook his head and said, "You said, there will be no good opportunities in the future, and I will never do foreign exchange again. I don’t feel it at all, it’s just that the numbers are changing and I can’t control it at all.”

Zhang Yang stood behind them. He was too lazy to turn on the computer. He had to go to the trading room over there in a while. Hearing what the two talked about, he smiled and said, "If you buy continuously in units of thousands of hands, I think the Swiss franc You have to show some face anyway."

"Fuck, is our list small?" Zheng Xiaopang suddenly asked again, "How much did we spend when we bought a few dozen lots in the past two days? No wonder we can't even move our hair. Remember those Doing foreign exchange involves millions of dollars in and out, and even if we put in and out 1 lots at a time, the margin used is only more than one million yuan."

"It should be, our actions are too small, and we are still used to the idea of ​​entering the market with small orders and building positions in the past. This imitation method should not be applicable in foreign exchange transactions." Chen Fan also reacted, saying that no matter how he buys, he will be shaken. It turns out that the market price is too large, and even small orders cannot be moved.

(End of this chapter)