legendary trader

Chapter 312 Chapter 313
Under the excited gazes of Chen Fan and Zheng Xiaopang, the Swiss franc once again started a new round of price hikes. This time, it was similar to the previous few times, and they were all pushed up slightly. However, the exchange rate of the Swiss franc has also rushed to the 0.7160 line , followed by adjustments.

"Basically, it's a trend of two advances and one retreat. It pulls more than 30 points and then pulls back about half." Zheng Xiaopang looked at the previous trend of the Swiss franc, and began to analyze the possible low point of the correction for this adjustment.

Sure enough, the main funds in the market didn't seem to plan to make any special moves. They have been gradually pushing up the price of Swiss francs according to the method of advancing two and retreating one. Soon the Swiss franc returned to around 0.7145 and began to fluctuate.

It was more than half an hour before Zhang Yang walked in. Seeing Chen Fan and Zheng Xiaopang chatting leisurely on the chair, he probably guessed something. Come over and have a look, good guy, Swiss Franc is in A new round of push up the market is in the middle.

This round of Swiss franc prices rushed to around 0.7185. Zheng Xiaopang still wanted to brag, "Look, it will be adjusted around 7170 in a while, and then continue to attack. This market has been seen through."

Zhang Yang is also happy to see such a trend at this time, he just nodded with a smile, and echoed Zheng Xiaopang's statement. In fact, the characteristics of the Swiss franc's trend can be seen from the previous few times of pushing up the market, and Zheng Xiaopang needs to talk about it.

But this time it seems that the market is going to give Zheng Xiaopang a sap. After the market reached the top, it was normal at first, but the trend line turned downward. .

But this time the callback range was greatly reduced, the Swiss franc began to refuse to adjust around 0.7180, and the trend line also started to turn around again after moving downward.

"Damn, what do you mean, it was slapped in the face?" Zheng Xiaopang sat up straight in surprise, but he was still happy in his heart. It would be great if the price rises faster, so let's slap the face, it's worthless.

Chen Fan glanced at the time, "It's the American market now, it is estimated that there will be some changes in the market, maybe speeding up, maybe diving, don't get too excited, just watch slowly."

"Yes, it's 10 o'clock." Zhang Yang also quickly realized from the change in the trend that the time has come to the American trading session, and it's really hard to say how to play tonight.

Soon the Swiss franc approached the previous high of 0.7186 again. As the Swiss franc continued to enter the market, it broke through the high point quietly and continued to rise, but the rising speed did not appear to accelerate after breaking through the high point. Instead, it is still steadily pushing up tepidly.

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As the Swiss franc continues to rise, the exchange rate of the Swiss franc/myuan soon approached the 0.72 mark. According to the previous rises, it should be adjusted again here, but obviously the market has changed a little, and the 0.72 mark Without effectively generating effective pressure, Swiss Franc easily broke through here, which surprised Chen Fan and others.

Looking back at gold, the price of gold is still fluctuating between 283 and 282 yuan, and there is no abnormal trend, which shows that the trend of the Swiss franc is affected by its own factors and has not been affected by other factors in the market.

With the breakthrough of the 0.72 mark, the rise of the Swiss franc has also undergone some changes, and the rising speed shows signs of accelerating. This is in line with the market trend. When some important pressure levels are broken, it often attracts some bullish but cautious wait-and-see After seeing that the pressure level is broken, they will rush into the market to grab short-term trading opportunities.

At this time, the Swiss franc finally got out of the uptrend. The exchange rate quickly rose to around 0.7209 before starting to pull back, but the pullback speed was very slow. Obviously, the upward momentum in the market is still strong.

"Interesting, it's interesting tonight." Zheng Xiaopang was delighted when he saw this, "It seems that the Swiss franc has a chance to hit 0.73."

"That's too much thinking. Thinking about 0.72 just after 0.73 is very dangerous." Zhang Yang calmed down a little, turned to look at Chen Fan and asked, "Xiao Fan, this, the Swiss franc has already reached 0.72. What are you going to do?"

Chen Fan understood what Zhang Yang meant, and he just wanted to ask if he should start to reduce his position. However, the Swiss franc is going up very fast. Of course, he is not thinking about reducing his position at this time. He just needs to wait.

After thinking about it for a while, Chen Fan smiled and said, "Wait a minute, it seems that there is no need to reduce the position before the energy of the upward rush is exhausted."

"Looking at the board, how high do you think the Swiss franc can go?" Zhang Yang continued to ask.

Chen Fan shook his head, "I don't know, the last time the retaliatory rebound also rushed above 0.7, it's really hard to say how high it will go this time, but it should be very close to the top."

After a short pause, Chen Fan thought about it again before continuing: "Currently the market feels quite impetuous, and there is not much demand for value preservation and risk avoidance. The rise of the Swiss franc this time is mainly affected by the development of the Swiss economy. Trade surplus, and at this time the Swiss franc has fallen due to the sharp drop in gold prices, which itself is a deviation relationship. In the final analysis, the Swiss franc fell from 0.8 itself.

"You mean the Swiss franc may rise back to 0.8?" Zheng Xiaopang grasped the key point that Chen Fan said, if the Swiss franc can really rise to 0.8, there will be hundreds of pips in the middle, and there will be several times the profit.

"I just said that. I didn't say it would rise that high this time. In fact, I only saw 0.72. I said it a long time ago. If it reaches 0.72, we will be ready to run away at any time." Chen Fan hurriedly argued.

"But you have always said that the Swiss franc is a good investment product and a currency to preserve value." Zheng Xiaopang immediately asked a new question.

"This involves the currency issuance mechanism. At least Switzerland's currency security is relatively high, and the economy and finance are good, so the Swiss franc is less affected by inflation, so it is a currency suitable for long-term holding." Chen Fan looked at Zheng Xiaopang and continued. Said, "As for your investment, in fact, for investment, the trading product is not the key, but the price is. Only a good price can pay off the trading product. If the price is not suitable, no matter how good the product is, it will lose money."

"It's started again." Zhang Yang suddenly interrupted at this moment.

The Swiss franc’s correction this time is shallower, and it only made a correction of 3 points before resuming its upward impact, and soon broke through 0.7209. After rushing to 0.7212, it stopped, a little immobile, and the trend line began to show signs of turning around.

Seeing that the Swiss franc was struggling around 0.7212, and finally unable to withstand the pressure of empty orders and profit taking, it began to decline slowly. Zhang Yang couldn't sit still. He looked at the computer screen and then at Chen Fan. Asked in a low voice: "Can you reduce the position? It seems that I can't stand it."

"Wait a little longer, I can't see it yet." Chen Fan shook his head and rejected the idea of ​​reducing positions again. The brightness of this meeting has not disappeared, and there should be room for growth, so there is no need to come out now.

Moreover, during this period of time when operating foreign exchange, Chen Fan also discovered that the difference between operating foreign exchange and doing stocks and futures before is that it is easier to open and close positions, and there are enough counterparties to trade with you. A trillion-dollar market.

In such a market, it is completely possible to enter the market at the highest price, even if there is a few points of slippage, it is acceptable, so it is the best choice to hold until the brightness completely disappears and close all positions directly .

However, the subsequent trend made Chen Fan slightly disappointed. After reaching 0.7212, although the Swiss franc showed obvious signs of refusing to pull back, the highest point was only 0.7213 and could no longer expand the space. It only remained oscillating around 0.7210.

After another hour or so, the Swiss franc was running sideways at a high level, and Chen Fan gradually lost interest in watching the market. It seemed that the trend of the Swiss franc would continue, and it would not end in a short time.

"I don't want to read it. It looks like Rui Lang has to go for a few more days. Let's all go back and rest." Chen Fan got up and said to Zheng Xiaopang and Zhang Yang.

"Okay." Zhang Yang was also a little annoyed watching, and got up immediately after hearing the words, ready to leave with Chen Fan.

"Wait a minute, let me tell you Xiaofan, how long can Swiss Franc go? Where can he go? What are you thinking?" Zheng Xiaopang asked hastily.

"The time is uncertain, and the height is also uncertain. I will keep an eye on it, don't worry." Chen Fan turned to Zheng Xiaopang and said.

"Today is Thursday, does it mean that the Swiss franc price may not end this week?" Zheng Xiaopang clicked to turn off the computer and got up to follow Chen Fan out.

"It should be a few more days, but I'm not sure, maybe tomorrow I will rush out." Chen Fan laughed himself.

Friday morning, another beautiful day.

Chen Fan had breakfast at home and was not in a hurry to go to the company. Now he turned on the computer in his study and looked at the latest price of Swiss francs, 0.7208. From early morning to now, the Swiss franc has been consolidating in the range of 0.7205 to 0.7212. Check the brightness, and it is still there. Can continue to hold positions.

After finishing all this, Chen Fan walked slowly to the company with the bodyguards.

After coming to the company and finishing the work in hand, Chen Fan first went to the big trading room to learn about the current trading situation of the company's traders, focusing on the situation of the few traders who were selected to take to the imperial capital. Finally, Chen Fan came to the core trading room.

Zheng Xiaopang is already inside, and this period of time is very boring, just staring at the trend of the Swiss franc. Although the Swiss franc has been rising, it is inevitable to feel tired after a long time.

Now Zheng Xiaopang was slumped on the chair, and when he saw Chen Fan coming in, he just blinked his eyes as a greeting.

"Why are you so tired? Didn't go home last night, went out for activities?" Chen Fan joked.

"It's been a pleasure to make money for the past half month, but I feel mentally exhausted when I woke up this morning." Zheng Xiaopang replied.

"After finishing the Swiss franc, let's give ourselves a holiday, let the traders who are going to take away also let them rest for a while, adjust their state, and gather again in December, ready to participate in the transaction of the rice stock market .” Chen Fan laughed seeing Zheng Xiaopang’s bear-like appearance.

"It's time to take a good rest. Where are you planning to go on vacation?" Zheng Xiaopang was a little refreshed when he heard about the holiday, but he felt like he had nothing to go to.

"When Liu Ying came back, I asked her where she wanted to go. A few days ago, my parents seemed to live in that mountain for several days. They said the air was good and clean, and they said they planned to retire there. When the time comes, I will definitely go and see the older ones first." Chen Fan said to Zheng Xiaopang with a smile, remembering the phone calls he had made with his parents a few days ago.

"Hey, this is the rhythm of getting tired of the hustle and bustle of the city and wanting to retreat to the mountains." Zheng Xiaopang squeezed out a smile and said, "But the mountains are indeed suitable for retirement, and now ordinary people really don't have the conditions to live in those places."

Chen Fan looked at the trend line of the Swiss franc on the computer screen, drooped there lifelessly, and shook his head, "It seems that the Asian market should not be counted on, and it depends on whether there is a chance in the European market and the US market."

"Why do you say that?" Zheng Xiaopang asked.

"Obviously, someone deliberately showed weakness during the Asian market, and the Swiss franc's market is mainly concentrated in the European market and the US market." Chen Fan said, "Recall, how many times has the Swiss franc gone higher in the Asian market this round?"

In the afternoon, when the Asian market ended and the European market opened, the trend of the Swiss franc really got a little bit of color. The Swiss franc/myuan began to stand firmly above 0.7210. The appearance of the trend.

As the clock reached 4 o'clock, the Swiss franc finally began to attack slowly, and the price soon came to around 0.7212, which is the high point of last night, and it can be regarded as the first pressure level of today.

However, it is clear that today’s pressure level does not have the pressure of yesterday. The Swiss franc hardly stopped, and the high point of 0.7213 was easily broken. It is only consolidating around 0.7223.

Seeing that the Swiss franc suddenly became stronger, Chen Fan and Zheng Xiaopang were not too surprised. After all, this was the trend from last night to the early morning. There was a callback at the beginning, but the callback was rejected later on. The high level fluctuated strongly, but now it is just a continuation of the trend in the early morning.

Like a replica in the early morning, the Swiss franc quickly ended its adjustment and resumed its upward trend. After two repeated adjustments during the session, the Swiss franc had reached around 6 by 0.7280:0.7254 p.m. There was only a little entanglement around [-], but it only took more than half an hour to complete the breakthrough.

"There should be short-term funds leaving the market here." Chen Fan guessed at the time, "The funds that entered the market from below 0.71 should have taken profits, so there were twists and turns around 0.7250, but it seems that the market tonight may be another A relatively large increase."

When it was almost 7 o'clock, Zhang Yang brought a few deliverymen to bring in lunch boxes. Because he was worried that the market would change, Zheng Xiaopang directly asked Zhang Yang to order takeaway. field opportunities.

This is the case in actual trading. When you hold a position, if the trading price is far away from the target price in your mind, you will often hold it very patiently at this time, especially when there is a certain floating profit, because This is a time when you feel like you have everything under control.

But when the transaction price exceeds your target price and you want to make more profits, you will often become nervous, that is, you hope that the price will continue to rise and expand your profits, but you are worried that you will lose the opportunity to sell at any time.

Now Zheng Xiaopang is in such a state. Although he knows that it is good to leave the operation to Chen Fan, as a young man who is determined to work hard in the financial market, he still hopes to contribute to this operation. One's own strength, glowing and heating.

Originally, Chen Fan wanted to use the dinner time to go out for a walk to get some air, but Zheng Xiaopang stopped him, so he had to follow Zheng Xiaopang to eat.

"Let's see if we can hit 0.73 tonight. If it goes well, next Monday if there is no news, it should be considered the end of the day. The Swiss franc will go up for another week or two." Chen Fan looked at He said leisurely while watching the trend of the Swiss franc.

(End of this chapter)