Suddenly, Zhang Yuanyi felt an indescribable excitement.

What's more, the prey is finally here, and there is finally a large-level prey that has taken the bait.

Zhang Yuanyi couldn't help but admire the strategy of his master Lin Danqing even more.

Patiently cast the bait and wait patiently.

Zhang Yuanyi asked Zhao Tingting and other out-of-town traders to close the short positions before 24,500 points.

And every time Zhang Yuanyi's pending order is enough to attract the attention of market participants.

To Zhao Tingting's surprise, every time Zhang Yuanyi placed an order, even though it was a large order to buy, whether it was a new buy order or a closing position at 25,000-26,000 points, it was quickly eaten.

Of course, Zhang Yuanyi noticed this phenomenon, and it seems that the opponent is determined to do it.

Zhao Tingting didn't expect Zhang Yuanyi to suddenly change his strategy, no longer placing large orders to buy, but waiting to see the changes in the market.

Zhao Tingting looked at Zhang Yuanyi and was a little puzzled, but the market quickly made Zhao Tingting understand Zhang Yuanyi's thoughts.

The 24,000 points were quickly broken through.

It is more than 400 points lower than yesterday's close.

And Zhang Yuanyi's empty order was only two-fifths flat.

Towards the end of the market, the price fell a little more, and Zhang Yuanyi believed that many people couldn't wait to throw it in at the end of the market.

The discussion of retail investors came from the retail hall next door:

"It seems that the bears are going to blow up the bulls, sell quickly, and it will fall tomorrow!"

Zhang Yuanyi knows that his opponent is not these retail investors, but he must test the strength of the opponent through the market.

He realized that with the strength and mentality that this man has shown so far, his opponent's goal is at least below 20,000 points, which means that he is close to my most basic long position.

So definitely can't let the price go here.

Zhang Yuanyi thought about it, his brain was running rapidly, and a specific practice basically began to form in his mind.

The market closed, because of the recent high-intensity trading, Zhang Yuanyi and Zhao Tingting's brains were in a state of high tension at the opening, and they closed and completely relaxed.

The two chatted casually, although the relationship between the two people was getting closer and closer, Zhang Yuanyi did not tell Zhao Tingting about the specific trading plan, and the two of them talked about Zhao Tingting's Korean dramas, gossip and the like......

The next day, Lin Danqing also came to the VIP room, and in view of the performance of the plate and Zhang Yuanyi's proposition, he felt the need to come and see Zhang Yuanyi's presence.

As soon as the market opened the next day, Zhang Yuanyi first sold some of it, and the result was, of course, that the price fell rapidly.

At the time of the opening, the main force often uses some orders to test the market sentiment of the day.

Of course, there is no need to use much at this time, if a large amount is used in a short period of time to play in one direction, then it is not good for the subsequent trading, and even the closing of the day may rise, which is often the main force does not want to see.

When Zhang Yuan gave the order to throw down, a large number of orders followed.

The price is falling faster.

When Lin Danqing saw this, he ordered:

"Hang out and close the buy order!"

Because the speed of the price decline at this time can still allow Zhang Yuanyi to have time to arrange his position, it will be difficult to say after a while, because there are too many orders to sell.

Looking at the large number of orders after that, Zhang Yuanyi couldn't help but be shocked, although the experience of this period of time has greatly improved Zhang Yuanyi's psychological quality, but if it wasn't for Lin Danqing's reminder just now, it would have given him a headache for a while, it seems that Jiang is still old and spicy!

Zhao Tingting also took a deep look at Lin Danqing, worthy of being Zhang Yuanyi's master!

Zhang Yuanyi, who opened a new position today, wanted to keep it, which he and Lin Danqing discussed during their lunch break.

Therefore, at the end of the market, Zhang Yuanyi quietly bought some new long positions.

In the next two days, the price continued to fall on one side or one side, and Zhang Yuanyi stepped up his speed to continue to buy in small amounts, and at the same time used the closed order to eat the opponent's newly opened selling order.

Of course, this also includes the sell orders of those retail investors.

When the price fell to 22,000, the selling orders have decreased a lot, and Zhang Yuanyi's previous short positions have also closed most of them, leaving only about one-fifth.

Next, Zhang Yuanyi wanted to see how many empty orders there were to follow the trend.

Every day, Zhang Yuanyi makes some new empty orders, but basically does not stay overnight.

When it went down next, Zhang Yuanyi bought another part, and Zhang Yuanyi didn't want to close the remaining one-fifth of the short position.

"Zhang Shao, are the remaining shorts uneven?" Zhao Tingting didn't understand Zhang Yuanyi's approach.

"Don't move for the time being," Zhang Yuanyi smiled faintly.

In futures, at some critical times, the main closing order often has two functions.

In general, the main force will have a two-way position. It is necessary.

The benefits of closing a position are at least twofold:

First, when funds are limited or when encountering unexpected circumstances, use closing orders to push the market in the direction you want to do. This saves money on newly opened positions. At the same time, if a new position is opened, there will be funds, which will play a role equal to double the original funds.

The second is to close the position at the key price and time, which can greatly mobilize market sentiment and make some traders mistakenly think that one party has admitted defeat, which can also play a role in half the effort, especially in this market, the most frequent phenomenon is that the wall is pushed down, and a person's power is ultimately limited.

Because when the price fell before, Zhang Yuanyi bought a large number of small orders, so the long positions were much more than before, and these long positions were basically established between 21500 ---23000.

When Zhang Yuan repeatedly asked Zhao Tingting to lower the price, there were basically not many empty orders to follow the trend.

It seems that this person's funds are almost over. Zhang Yuanyi and Zhao Tingting couldn't help but smile at each other.

"Almost"

"Well, it's almost" Zhang Yuan nodded and looked at the plate.

However, Zhang Yuanyi is well aware that the opponent has not used up all his funds.

The opponent must still have room for it, otherwise it must be clear to the opponent what it means to make a mistake here at 26000.

At this time, there are fewer other orders.

At this time, even Zhao Tingting believed that the shorts that this opponent could establish had basically reached Zhang Yuanyi's predetermined plan.

Unless there is a big profit, it is not worth selling at this time.

At the beginning of the next day, Zhao Tingting first hit the price down, and the market was very calm, and the market had accepted the downward trend.

This is exactly the result that Zhang Yuanyi has been wanting recently.

But Lin Danqing suggested at this time to start in advance.

Because according to Lin Danqing's past experience, the correction that a person shows after being forced to accept his mistakes is actually unfounded, and even sometimes paranoia can make people go from one extreme to another, or from one kind of madness to another.

In the futures market, no one will feel the madness of a retail investor, but if it is the power generated by the madness of the vast majority of people, it can still be destroyed.

Zhang Yuanyi accepted Lin Danqing's suggestion and started to do it.

------------------------------------------------------

Recently, the Sino-US trade war has expanded the battlefield, and the foreign exchange war has been in full swing.

Watch an important news:

The "tumbling" onshore renminbi fell below 6.9 against the US dollar on August 3, falling for nine consecutive weeks and hitting a 13-month low...... Seeing that it was about to break through 7, the central bank finally made a move!

The People's Bank of China (PBOC) decided to adjust the foreign exchange risk reserve ratio for forward foreign exchange sales from 0 to 20% with effect from 6 August 2018. As of press time, the onshore RMB closed at 6.8273 and the offshore RMB closed at 6.8447, recovering the 7 major mark, while on August 3, the onshore RMB once approached 6.90 and the offshore reached 6.91. The euro and the pound hit intraday highs, and the dollar index fell.

On August 3, the central bank issued an announcement saying that since the beginning of this year, the foreign exchange market has been running smoothly on the whole, the RMB exchange rate is based on market supply and demand, with depreciation and rise, the elasticity has been significantly enhanced, market expectations are basically stable, and cross-border capital flows and foreign exchange supply and demand are also roughly balanced. Recently, affected by factors such as changes in the international foreign exchange market, the foreign exchange market has shown some signs of pro-cyclical fluctuations.

In order to prevent macro-financial risks, promote the sound operation of financial institutions, and strengthen macro-prudential management, it was decided to adjust the foreign exchange risk reserve ratio for forward foreign exchange sales from 0 to 20% with effect from August 6, 2018.

This is the first time that the central bank has restored the 20% risk reserve ratio after less than a year since the central bank lowered the foreign exchange risk reserve ratio from 20% to 0 in September last year.

4-month cumulative decline of 8.5%

The RMB exchange rate has depreciated somewhat rapidly in the past two weeks, especially the offshore RMB exchange rate has fallen more violently.

On July 17, the offshore RMB exchange rate fell below the 6.7 mark;

Two days later, on July 19, the offshore RMB exchange rate fell below the 6.8 mark;

On August 3, the offshore RMB exchange rate fell below the important 6.9 mark.

In other words, it took only 11 trading days for the offshore yuan to fall from 6.7 to 6.9, a decline of 3%.

More importantly, at a time when the depreciation of the RMB against the US dollar is accelerating, the spread between onshore and offshore has continued to remain high (mostly around 200 points in recent days), and the spread has widened by nearly 400 points. The continuous widening of the cross-strait exchange rate differential indicates that the current expectation of RMB depreciation is relatively strong.

The renminbi has been declining against the US dollar for four consecutive months, with a cumulative decline of 8.5%. It fell 3.49% in June and about 3% in July.

Stabilizing the exchange rate is one of the important contents of stabilizing finance

When the RMB is about to fall below 7, the central bank will take action to maintain stability at this time, which is also expected by the market.

Li Xunlei, chief economist of Zhongtai Securities, believes that although depreciation is beneficial to exports, a sharp depreciation is easy to trigger a decline in the price of assets such as financial real estate and puncture the bubble. Foreign trade is small, financial is big, therefore, intervention at key points is still needed.

In the eyes of many people, among the "six stability" determined by the Politburo meeting some time ago, "financial stability" ranks second, and stabilizing the exchange rate is one of the important contents of stabilizing finance.

Huang Zhilong, director and senior researcher of the macroeconomic center of Suning Financial Research Institute, said that stabilizing the exchange rate itself is an important part of stabilizing finance, and at the same time, stabilizing the exchange rate is an important variable for foreign trade, foreign investment and even employment. Therefore, an appropriate stability of the exchange rate is conducive to the realization of the goals first mentioned at the recent Politburo meeting.

Wang Youxin, a foreign exchange researcher at the Institute of International Finance of the Bank of China, said that the exchange rate is very important for stabilizing finance. However, at present, the priority of stable economic growth is higher than the stability of the exchange rate, as long as the exchange rate does not fall below the bottom line of potential risks, the central bank will not easily intervene in the foreign exchange market, and the exchange rate will be determined more by market forces and foreign exchange supply and demand.

Ming Ming, chief fixed income analyst of CITIC Securities, believes that although there is still some depreciation pressure on the RMB, whether it is at the policy level or the market level, 7 is to a large extent a psychological price level that is difficult to break through, and it is likely to be the bottom of this round of depreciation.