Thinking about the old man's fork plate kung fu

For foreign exchange speculation, it is inevitable that you will often go to your bank to make a discount. Over time, I have met many foreign exchange friends. There is an old man in his 70s by my side. During the sharp rise in the US dollar in recent months, he has gone from the 106.70 yen of his quilt to the 112.20 or more of the fork plate, which makes the author amazed. Briefly speaking, it may be a little enlightening for those who are deep in the yen.

After the old man retired, he had nothing to do and had the idea of speculating on foreign exchange. The history of speculating on foreign exchange has been nearly three years. Now he can use the computer to look at the market and do analysis...

Around June this year, a trade was not very good, and the yen was two-thirds of the quilt around 106.70. After watching the yen fall from 106 to 110, there was no possibility of a correction, so the old man talked to him and had no choice but to fork the plate to rescue. In total, the pound rose and fell sharply and was "difficult to keep pace" with the yen. From then on, the old man specialized in English/Japanese and did not relax. He said that anyway, the quilt was too deep and there was nothing to do, so it was better to play with the fork plate. The yen fell from 110 to 115, and the old man never let go. He focused on shuttling between English/Japanese, busy and cheerful all day. In our trading room, he was the busiest. After a while, "English/Japanese 197, it's time for me to enter." After half a day, he called again, "It's 199 UK/day, it's time for me to go out." I remember that a few days ago, the news that the pound was going to cut interest rates came out, and the UK/day reached 199.70. I advised him that the market was not good and not to enter. He said to me, "Haha... I traded at 200". Today, he called and happily told me that he had sold again at 201.10, and now the price has reached 112.20.

He was such an old man. He was simple, kind, and did not have a high culture. He wore his glasses all day, kept looking at the k-line charts, buried his head in his notes, and happily kept communicating with Huiyou.

Friend: This is a true story. I wonder if the story of the old man's fork plate has any inspiration for those who have deep sets of yen? I really have deep respect for the old man.

Yesterday, I briefly told you the story of how the seventy-year-old old man's yen quilt cover raised the level of the fork plate. This story is true, except that the time may not be particularly accurate, other data is accurate. Tell Huiyou that I am not just telling a story like a sky and a night pool, but some of the truths. Because I participated in the planning, I will now sort it out and tell you a few enlightenments. If it is helpful to the deep set, it will achieve this goal.

First of all, the quilt person understood the general trend at that time, the dollar was strong, and if he "waited", it would obviously be long and boundless. "It is better to retreat from the fishing in the abyss" and must find a solution;

Second, the quilt is too deep, and it is difficult to have a fluke rebound. Only by doing it can there be a way out (I have also made this point clear in other posts. For those with more than 200 points, why don't you do it before there is no decent rebound? Those with less than 200 points don't have to take this risk);

3. Technical support is essential. In the short term, you can play it when the graphics signal appears in 30, 60, and 240 minutes. The old man has earned more than 160 points at most at a time, and the less 2 or 30 points have also earned. Occasionally, there have been fork plate quilts, but the unwinding or cutting of the fork plate is much more convenient than the straight plate;

Fourth, to make a fork, you need to choose the right currency. Because of its characteristics, the pound was chosen by the old man and me at once. But when I advise the old man, I am often influenced by the news and conservative. The old man's operation idea is to only recognize graphics, which I am ashamed of.

In fact, there are many things worth summarizing. Each of us Huiyou doesn't have to resort to hard tricks. We should "wait" for the appropriate opportunity according to the currency we are familiar with, the position of our quilt, and the strength of each rebound, rather than deliberately trying to force the operation. These principles, deep-rooted friends can understand a thing or two, which will undoubtedly help you on your way to foreign exchange speculation.