Chapter 137 Escape from a high position

Integer points have a very special meaning in the financial market. Take the current oil price of US$19.00 per barrel as an example. From the perspective of the number itself, it is a common symbol, no different from such numbers as 18.99, 19.01, etc. But for both bulls and bulls, this is not only a number, but also an expression of confidence, a watershed, and Tianwangshan!

   To put it simply, if the bulls finally break through this number, then the sentiment of the entire market will be completely detonated, and the oil price on this day is very likely to stand at this price or even a higher position. And if the bears firmly hold on to this price, then the follow-up market and some main bulls who see no hope of breaking through are very likely to choose to rest in their pockets and close out the previously established long positions. In this way, the combination of liquidation orders and short defense orders will bring great pressure to the bulls, and even ruin the great success that has been achieved before.

  The success or failure of both parties depends on it.

   "Open 1000 more hands, first try how deep the water here is!" Zhong Shi, who knew the meaning of integer points well, ordered without hesitation. For the role of this multi-headed vanguard, he has become familiar with playing the role in the past two days.

   Unsurprisingly, this batch of buy orders entered the market and were absorbed by the defense of the short sellers within ten seconds. The price of crude oil futures in November stood firmly at the position of 19.00 US dollars, as if the previous large purchase orders had never appeared.

  Seeing that such a large purchase order did not last even a minute, most of the investors who followed suit felt a thump in their hearts, thinking about what they should do now.

  1,000 lots of long orders, the margin is millions of dollars, so much money is not even a splash on the short side, it can be seen that the short position attaches great importance to this integer point. Although there are not many lots in terms of selling price, as long as investors who have been fighting in the futures market for a while know that there is actually one or even a few dangerous giant crocodiles hidden behind the seemingly calm.

At this time, there was a differentiation in the follow-up market, and a small number of people began to close their long positions one after another. They were bluffed by the posture of the short sellers eating more than 1,000 lots in an instant. Still chose to leave.

   Another group of people chose to continue to wait and see. They understand that either the shorts overwhelm the longs, or the longs overwhelm the shorts. If the bulls break through the defense line set up by the shorts here, their profits will further increase. If the shorts hold on, they can also go backhand and put pressure on the bulls. The number of hands is small and has great flexibility.

Zhong Shi's funds can be regarded as a small bull. If the long and short sides are the leaders of both sides, then Zhong Shi's current role is that of Yan Liang and Wen Chou. He was cut off from the horse, and he didn't even know if the character sent by the opponent was a fierce general like Guan Yu.

As the follow-up order went to the extremes, the number of hands on the selling order gradually increased. Within one minute after Zhong Shi’s order was swallowed, it accumulated to 654 hands, while on the buying order side, it was still not too big. According to the news, the number of hands has stayed at more than 400 for a while.

   "What's the matter with them? Why is there no movement again?" Seeing that the price remained at $19.00, Zhong Shi asked Li Mingyang rather puzzled.

   "I don't know about this!" Andrew beside him quickly replied loudly, "The two of them once again reached a tacit agreement, which is to let the follower choose to stand in line, and start fighting when the line is almost ready."

  Following the trend is not strong enough, but it is flexible and durable. They build positions in small batches, and even compete with the main force for orders at certain prices, causing headaches for the main force on both sides.

Therefore, when important points are reached, both long and short sides will reach a certain tacit agreement, leaving enough time for the follower to choose, because they can not affect the overall situation, and they may compete with the long and short sides for profits, so the main force will be in important battles. Remove as many of these "ants" as possible before starting.

   "Buy 5,000 lots, and try again!" Seeing that there was still no movement for a long time, Zhong Shi gave up his heart and ordered a little bit ruthlessly. 5,000 lots of buy orders correspond to 5 million barrels of crude oil, and the margin needs to be nearly 10 million U.S. dollars. This is definitely a big deal, but it is hard to say whether it can penetrate the defense of the short sellers.

  Buy orders of 5,000 lots entered the market one after another, and the trading volume in the market quickly increased after a period of silence. "1150, 548, 970, 1324, 863..." Zhong Yi looked carefully, and quickly reported the large transaction figures that flashed on the board, "A total of 4855 lots, my good guy, it's so short! It has almost absorbed our long orders."

  Generally speaking, the number of transactions in front of the computer is refreshed every five seconds, but Zhongshi uses a higher level. The authority here is higher than that of ordinary investors, and the refresh is also every three seconds. Just like the figures just now, what ordinary investors see is the number of transactions of more than 1,000 lots three times.

Although there is not much difference in the final result, the long order was successfully taken down, but it is precisely because of such a slight difference that the main force can see more clearly at the critical moment, and naturally it can be better. make decisions.

"It seems that the bulls still don't have any reaction!" Seeing that his long orders were eaten up one after another, and there was still no other follow-up on the purchase price list, Zhong Shi frowned and thought for a while, then said decisively: "Since In this way, we will force him out! Close out, close out all long positions!"

   "Close the position?" Not only Li Mingyang, but even Zhong Yi and others who had been eavesdropping were greatly surprised. They all looked at Zhong Shi, expecting to give a clear explanation.

  You should know that there are more than 10,000 long orders in the accounts of these people, some of which were absorbed during the rising process. These long orders have already made a profit of about US$0.5 per lot. The other part is the newly opened position when attacking the short position just now, and this fund has not been accounted for even a penny.

   This more than 10,000 short orders will definitely cause a sensation in the market. If the bulls can't take it, then their previous long orders' profits will also be reduced by a part.

   This behavior of cutting one's own flesh naturally made Zhong Yi, Liao Xiaohua and others not understand.

   "Okay!" Li Mingyang and Andrew were experts, so they immediately understood Zhong Shi's intentions. Seeing that the follow-up in the market is about the same, if the bulls do not attack again, the wind direction will really change, so at this juncture, the bulls must be forced out no matter what.

  Amidst the crackling sound of the keyboard, the closing order of more than 10,000 lots was thrown out. Just as Zhong Shi expected, the bulls couldn't sit still immediately, and they immediately placed nearly 10,000 lots of buying orders on the selling price list, which was enough to stabilize the oil price before the price of crude oil futures fell.

  The trading volume, which increased several times in an instant, immediately attracted all the attention of the market. As expected, the bulls also set up a strong defense at the position of 18.99 US dollars, so that Zhong Shi's "reverse bone boy" behavior did not succeed.

  Now the market participants have seen clearly that the bulls have set up a defense at the position of 19.00 dollars, and the bulls are not to be outdone, and they will not allow the price to fall to the range of 18 dollars. After following the trend, they understood, and they all took action to close their positions. This is also thanks to Zhong Shi's probing.

   A few minutes later, Zhongshi’s funds were all withdrawn from the November crude oil futures contract. Excluding handling fees, their book profit was about 2 million US dollars.

   So far, all their positions have been cleared, from $18.50 to $19.00, which is a rare increase in the crude oil futures market, a full 3%, and a bigger battle is still brewing.

   "Let's wait and see the show next!" Several people sat around in front of Li Mingyang, facing the numbers scrolling on the computer screen, expecting him to give them live explanations in real time.

"Look, the buying order has responded, and 20,000 lots have been offered!" Several people stared at it for a long time, and suddenly a five-digit number jumped out of the buying order. Zhong Yi's reaction was the fastest. son cried out.

  The market reacted quickly, and the short sellers also opened tens of thousands of short positions.

Two minutes later, these long and short orders were all traded again, but it was obvious that the bulls had the upper hand. After sweeping out the short positions at the price of $19.00, they went up to $19.01, but they did not continue to attack. This shows that the short positions are here There is also a defense line.

  Seeing that the bulls broke through $19.00, the market started to follow suit again. They also thought that this point was flat in the past, and it could rise to at least $19.10. Seeing that the market price broke through $19.00, they began to scramble to enter the market to grab orders.

  Under repeated attacks by the follower and the main bulls, the shorts persisted for a while, and finally gave up the position of $19.01, and then retreated to $19.02. Today's short position is already fighting for every inch of land, even if it is a price change, we must do our best to defend.

  The total position in November has not decreased much, which shows that the short side has no intention to close the position and admit defeat at all. Under such circumstances, the bulls have also become hesitant, and the best way now is to take advantage of the opportunity of more exchanges to close out the newly opened long positions while the trend is still there.

   Bulls do exactly that. Followers were delighted to find that it became easier to absorb long orders in the market. They did not know what to do, but they still bought in this way driven by profit. As a result, shortly after the main bulls changed hands, they became the main bears to attack. On the contrary, the result is self-evident. There is only one end for a follower to become the main force, and that is to lose steadily.

In the end, the price of crude oil stayed at $18.90 on this day. In the end, the main bulls took action to stop the main bears who defeated the follow-up market. Not enough.

   Thanks to Huqishi, November, a20082209, Gambler is not my monthly ticket support! At the same time, thank you for your rewards thousands of times!

  

  

  (end of this chapter)