legendary trader

Chapter 317 Chapter 318 Ascending Triangle

After the Swiss franc rose above the 0.75 mark, there was no intention of adjustment at all, and it continued to rise.

The funds that will participate in long Swiss francs are not only Asian funds, but also a large amount of Europa funds. The exchange rate between Swiss francs and rice yuan began to rise crazily, and the speed of the rise made Chen Fan feel frightened.

0.75020.75090.7515
Seeing that the Swiss franc quickly rushed to around 0.7520, the upward momentum was suppressed a little. It seems that the short-term power of bulls has been vented, and the market has gradually entered into a short-term balance between long and short.

"Have you checked, is there any result?" Chen Fan kept urging Zheng Xiaopang while watching the trend of Swiss Franc.

When the Swiss franc soared to 0.75, Chen Fan hurriedly asked Zheng Xiaopang to check for any unexpected news on overseas news websites. The sudden rise of the Swiss franc was really shocking. The regional currencies such as the mark and the British pound did not show a trend similar to the Swiss franc, but Chen Fan still asked Zheng Xiaopang to see if there was any breaking news about Switzerland.

"There is really no news." Zheng Xiaopang said after a while, "I have checked several major major websites, and there is no news at all."

After a while, Zheng Xiaopang continued: "The increase of dozens of points this time should be driven by funds in the market. It is estimated that many people entered the market to bet that the Swiss franc will continue to rise sharply tonight."

Chen Fan nodded when he heard the words, "If it goes to the top tonight, the correction will be very scary. I don't know how much money will fall."

"Then what should we do? I remember when you said that we would run away when we rushed to the top, and now there are so many short-term funds entering the market." Zheng Xiaopang looked at Chen Fan before he finished speaking. Chen Fan should understand what he meant. .

"It's useless to think too much now. You have to run ahead. If you are safer, you can start to reduce positions in batches in advance." Chen Fan thought about it and said that it is useless to make plans now, he can only take one step at a time.

For short-term funds with a keen sense of smell, Chen Fan thought he had no choice.

This type of funds is extremely sensitive to market changes, and can often find some opportunities that appear in the market. When they find these trading opportunities, they will rush in, and when the market reaches their set goals, they will run in unison. Lose.

The existence of these funds not only activates the financial market, and plays a role in boosting the trend after the market occurs, but also is the key to maintaining the market and allowing the market to operate in a more reasonable range.

"I think the organization that operates the Swiss franc this time should be having a headache now. There are so many short-term customers coming in all of a sudden." Chen Fan suddenly laughed, "And their timing is just right, I feel that the last two days To reach the top, these funds will rush in to help the main force to make the top, haha.”

"That's not necessarily the case. There should have been a lot of hot money entering the market in the early stage. You can only judge from this sharp rise that a lot of money may have entered the market, but can you be sure that the payment is not from the main force?" After calming down, I remembered that the sudden surge of the Swiss franc was indeed very violent, but it was too arbitrary to think that a large amount of short-term funds entered the market because of a single surge.

"That's right, it's just that the promotion was too violent this time. Although there was a promotion some time ago, it didn't seem to be so violent, and it came in very suddenly from the disk." Chen Fan continued with a wry smile: "At first I thought there was a sudden increase. After posting the news about the favorable Swiss franc, you said later that there was no such thing, so you wondered if there was hot money coming into the market, but now that you think about it, it’s not necessarily true.”

"Then why do we choose to play it safe or what?" Zheng Xiaopang looked at Chen Fan and asked again. Now is a critical moment, and there should be no mistakes. It would be a pity to miss the best exit point due to a misjudgment.

"You said shipping?" Chen Fan thought for a while before continuing: "If it hits 0.76 tonight, let's cut half of the position first, and we will see the situation later, so we will clear our positions twice. What do you think?"

"0.76, it's not bad if you can get there, this point is already very high, you have the final say." Zheng Xiaopang said without hesitation.

"I'm still worried that short-term funds entered the market before. If these funds also enter the market at the point we are going to go, you know, I don't know how the Swiss franc will fall in an instant." Chen Fan is really worried about the crazy rise just now Behind it is the participation of hot money in the market, especially the kind of short-term funds, which come and go quickly, which is very difficult to figure out.

"Will the main force of the Swiss franc come to a wash tonight? If I were the main force of the Swiss franc, I would consider a wave of losses at this time and drive out these funds." Zheng Xiaopang said vowedly.

Seeing that they are about to reap the investment profits in Swiss francs, they may suddenly disrupt their projects because of short-term funds entering the market, and they are very dissatisfied.

Of course, judging from his communication with Chen Fan, Chen Fan is not sure that the crazy increase just now was caused by hot money in the market, or it may be that the main force of the market is rushing to the top, but the action is a little bigger.

"Probably not. If I am the main force, if there is still a lot of room for improvement, I may wash up and shake up the warehouse here to get out the hot money." Chen Fan thought about it and said, "If you don't want to continue to do it If so, I will consider making the attack form more perfect, and find the right opportunity to get out quickly."

After hearing Chen Fan's words, Zheng Xiaopang didn't answer immediately, but fell into deep thought.

Neither Chen Fan nor Zheng Xiaopang are very familiar with the foreign exchange market, and they don't know much about the funds that appear here. For the so-called analysis, they still think about the problem according to the operation ideas of the market makers in the stock market or futures market.

For this, Chen Fan and Zheng Xiaopang still knew their own problems. In fact, they found out after they just established a position in Swiss francs. Compared with the stock market and futures markets, which they are more familiar with, there is still a big difference. .

However, in addition to speculative funds, the foreign exchange market also has a large number of real needs, that is, traders who do import and export.

After they carry out import and export trade, they need to pay the corresponding foreign exchange when they need to settle. For a currency like the Swiss franc, there are a large number of real buyers or sellers. The difference is whether they are pouring in or out.

"Can you understand it this way? Do you think that if the Swiss franc is washing up here, then the Swiss franc may still have room to rise. If the Swiss franc is not washing here, then the Swiss franc may soon reach its peak. That is, we will soon Clearance?" Zheng Xiaopang thought a lot, and finally asked.

"Don't think so much, I think I should be able to roughly see whether the Swiss franc has reached its peak or not." Chen Fan felt that there was no need to describe the current situation of the Swiss franc as serious, just follow his previous thinking, Just keep an eye on the brightness of the Swiss franc.

Although I am still worried about the possibility of a rapid decline after the top is built, compared to the current profit, even a drop of dozens of points is actually acceptable.

Staring at Swiss Franc all the time, Chen Fan scratched his head when he thought of this. It is not easy to make money. Maybe there is a slight mistake, and tens of millions will be gone.

Unconsciously, Chen Fan rubbed his forehead and looked at the computer screen. There was still brightness, although it was very weak.
The Swiss franc fluctuated around 0.7510 for more than half an hour. During this time, the Swiss franc was also extremely active. It was not that there was a sign of a rapid upward trend, but because of the relatively high pressure above, it all ended in vain.

Soon after 5 o'clock, Zhang Yang walked into the trading room with a document.

After entering the door, Zhang Yang smiled at Chen Fan and Zheng Xiaopang: "How is Swiss Franc doing today? Did you show anything?"

"No, the trend is very stable. What are you holding?" Zheng Xiaopang answered first.

"This is the fund's stock investment plan. Our investment department and research department made it together. If not, I'll bring it here for you to see, see what needs to be modified, and decide on the next investment action." Zhang Yang said He handed the information in his hand to Chen Fan.

"Damn it, 7516, and said it's stable, rub it." Chen Fan just took over the information Zhang Yang handed over, when he was startled by Zhang Yang's sudden swearing,

"Why are you so excited, isn't it just a little bit higher?" Chen Fan said while laughing, still a little proud in his heart.

"It's been a few dozen points, and you still say it's a little bit higher," Zhang Yang yelled, "You're just showing off, the most deadly pretense is invisible."

"The Swiss franc may be just these two days. You don't care tonight, and you will take over early tomorrow. We have to watch the market 24 hours a day for these two days. We can't be sloppy in the slightest. We have done this for the sake of it. We must have a perfect one." In the end, you can't make trouble at the last juncture and lose the profits you have already obtained." Chen Fan said to Zhang Yang, and then raised the information in his hand, "I'll take a look at it some time, isn't it in a hurry?"

Zhang Yang quickly said: "No rush, no rush, everything is given priority to investment in Swiss francs."

"Actually, this information is the stocks selected by the research department. Our investment department discussed it again and finally decided on an investment list. In addition to the reasons for the investment, there are also some suggestions for positions. You can take a look at it anytime. It's been a long time." Zhang Yang continued.

"Xiaofan, do you think Swiss Franc is going to build another ascending channel? This is about to reach a high point. If it goes up, I'm afraid it will be an ascending channel." Zheng Xiaopang who was next to him suddenly interjected.

Chen Fan retracted his gaze and looked at the computer screen. The Swiss franc has risen to 0.7518, and will soon reach the intraday high of 0.7520 again.

"Keep an eye on it. If it really passes, then it may be to create a new ascending channel and continue the process of climbing to the top. It doesn't matter if you don't wash the dishes, and end this operation as soon as possible." Chen Fan understood the meaning of Zheng Xiaopang's words, Whether there is an upward channel is not the point. The point is that the Swiss franc may not be washing here, so it is necessary to accelerate to the top, and the end of the market is not far away.

Although Chen Fan was a little nervous, he was still in a very happy mood. After all, he was about to reap a lot of profits. Anyone who made a lot of money in the market would definitely enjoy it.

Soon, the Swiss franc successfully broke through the pressure of 0.7520, and continued to expand its space upwards. When it reached 0.7531, it encountered resistance again and began to fall back.

"Yangzi, when you leave later, call for takeaway for us, tell the security guard below, and the food will be delivered when it arrives." Zheng Xiaopang said suddenly.

"I'll wait for them to deliver the food before leaving. I talked to my wife and I'll be there later," Zhang Yang said.

"Enough friends, show loyalty, just leave your wife at home tonight, just stay here with us, tonight is very important, it may be a big market." Zheng Xiaopang said jokingly.

"Hehe. Then I'd better leave early. We have to be thrifty. We have already bought movie tickets. If I don't pick up my wife, the money will be wasted." Zhang Yang laughed, "Besides, with you here, I I'm very relieved."

"Do you like money or women?" Zheng Xiaopang asked Zhang Yang with a smile.

"Take it with both hands." Zhang Yang answered unceremoniously, "I like all of these, and it's my style to take them all down. It's too silly to ask my wife and mother about falling into the water."

"Hehe. Alright, just order takeaway for us later, remember to come to the company early tomorrow to take over." Chen Fan just shook his head and interrupted after listening to their nonsense.

"You asked him to take over earlier, what if we cleared out the position tonight, his trip was not in vain." Zheng Xiaopang began to carry Chen Fan again.

Chen Fan just shook his head and ignored him, turned his head and smiled at Zhang Yang: "Seeing that there is a large amount of small money coming into the account, Fat Brother is a bit crazy, he is already biting everyone, hehehe."

"This time it's not Xiaoqianqian, everyone will be excited." Zhang Yang smiled and nodded, ignoring Zheng Xiaopang.

The Swiss franc only started to attack upwards after a brief adjustment around 0.7526. The frequency of the attack seemed to be very fast, and the trend gradually became clear. The lower track of the ascending channel was formed around 0.7510 and 0.7522, and it was built around 0.7520 and 0.7532. The upper track of the ascending channel, but because the running time is relatively short, this channel is not very stable and may be destroyed at any time, so everyone is only nervously paying attention to the trend of the Swiss franc.

Zheng Xiaopang looked at it for a while, and when he was bored, he began to use drawing software to outline the ascending channel, and suddenly he heard Zheng Xiaopang say: "Look, is this upward trend an ascending triangle? It doesn't look like an ascending channel. "

"It's hard to tell now, after all, the number of up and down oscillations is too small." Chen Fan turned his head and glanced at the figure drawn by Zheng Xiaopang and said, "After a few more times, you should be able to see what the figure is. It is like a triangle, but who can say what will happen in the future.”

Zhang Yang walked behind Zheng Xiaopang and watched for a while, then patted Zheng Xiaopang on the shoulder and said, "Have you heard that? It's not sure yet, at least two more rounds to confirm."

Zhang Yang didn't walk away after speaking, but frowned and looked at it, and then said: "Xiao Pang, open the graph and see where the last intersection point is."

"Okay, it seems that you still prefer Fat Lord." Zheng Xiaopang laughed when he heard Zhang Yang's words, knowing that Zhang Yang seemed to be leaning towards an ascending triangle, but Chen Fan was right, this figure has not been fully brewed yet, Can change at any time.

(End of this chapter)