"It seems that there is more than one shili who has the same mind as us, so the strategy we made earlier may have to be slightly adjusted!" Druckenmiller asked about the situation, touched his smooth chin, and said thoughtfully.

At this time, the price of copper had risen to $2,008 per tonne, the biggest daily increase in the last two months, but it was still rising dollar by dollar, driven by a steady stream of incoming funds.

In this case, if it is an ordinary investor, it may be possible to sell out the position that is absorbed at a low price and cash out, after all, it is the most haode strategy to settle for safety. But who is Druckenmiller, and how could he stop in a hurry when the situation is too high? He just thought about it for about half a minute, and then made up his mind: "Continue to push up the price of copper, and we must pull out a long green line today!" ”

Coincidentally, in London, the same domineering workhorse is doing the same thing, although he also realizes that there is another bullish shili in the market, no! Or even a long shili with two to three strands.

After all, Yasuo Hamanaka has been immersed in this market for many years, and he has a general impression of the scale of various shili funds and operation methods, and he has grown from the market to this point today, and he has extremely rich practical experience, and it only takes about one or two bands to see the meaning behind it.

It's just that no matter how experienced he is, he can't see the specific strategy of other bulls, and what is said here is a strategy like "when to pull up, how much to pull, when to wash out the position through the suction cup", etc., but he firmly believes it. In this market, as long as it is what he wants to do, even the LME cannot stop it.

Yasuo Hamanaka, who lacks awe, is just crazy!

For the unusual fluctuation of copper prices, anyone with a little common sense of investment can see that this may be a premeditated rally, and those who are not afraid of death are to join in it, in order to establish a little bit of a position and get a piece of the pie in the process of rising.

The more experienced people are to open a long position in the main spot contract at the same time, and open a small short position in the far month contract to hedge. They know better than anyone else. This kind of rally in copper prices, even with fundamental support, is very risky, because the bears will not allow copper prices to soar.

What's more, they choose to open short positions and bet on longs. Although their courage is commendable. But this time they clearly made a mistake. Because the strategy of two or three bulls to manipulate the market is not at this moment. It's not a one-day or two-day pull-up, and the reason why they are called the main force is because they are crazier than anyone else. All have the ability to determine the direction of the market.

……

"Copper prices continue to rise, do you want to continue to open positions?" When a position of 2,000 lots of long contracts was successfully opened, Brian asked over the phone.

Most of the 2,000 contracts were traded at $2,000, and roughly speaking, the margin exceeded $15 million. Brian was already wondering if he would go back and give Mr. Zhong a little discount on the commission, or offer more leverage, anyway, to keep this big customer.

"What is the current price of copper?" Instead of answering Brian's question directly, Bell Stone asked about what he could see on the computer.

"Copper prices are currently up to $2010, but they have been there for a while, and it looks like the bears are starting to fight back!" Brian was overjoyed and couldn't help but add his own analysis. For brokers, this kind of behavior is very unprofessional, although it is permissible to provide trading advice to clients, but this kind of inducing advice is subject to a certain amount of responsibility.

As soon as Brian finished speaking, he immediately realized his dereliction of duty, so he had to say curtly on the phone: "Of course, this is my personal opinion, Mr. Zhong doesn't have to care too much." ”

Zhong Shi smiled slightly, naturally he didn't take his words too seriously, you must know that these brokers and analysts are all a virtue, today they say up, tomorrow they say down, the purpose behind them is to let you trade more, they naturally have a lot of commissions to take. To hell with responsibility, professionalism, or whatever, because only God can predict 100% tomorrow or the next!

"Open another 3,000 long orders, the strategy is the same as before, I want to see what the situation of the bulls is!" Zhong Shi thought about it and placed a trading order. Open another 3,000 hands, the long position entrusted at the market price, the total number of positions reached 5,000 hands, which is already a very large position, every dollar down means that Zhongshi's funds lose 125,000 US dollars, but if it rises, it means that Zhongshi's funds have earned so much money.

Before Brian on the phone agreed, Zhong Shi added another sentence to himself: "After the 3,000 new positions are established, today's operation will end here." ”

"Uh......" Brian only felt that the five thunders were thundering, he was shocked beyond measure, 5,000 contracts for a long term, in this kind of treacherous futures market?

It is important to know that there is no limit to the rise and fall of the copper futures market, and there is no limit to the number of positions, in other words, as long as the price is right, as many positions can be cleared in one day. At present, the daily position of the copper 3 market is about hundreds of thousands of lots, and the daily market turnover ranges from tens of thousands to hundreds of thousands of lots, that is, the small scale of the position is enough to close on the same day.

Although the overnight position is a long-term position, it requires sufficient capital support, which is not only reflected in the fluctuation of market prices, but also on the basis of the possibility of increasing the initial and maintenance margin at the exchange, which requires the support of a considerable amount of funds.

After these thoughts flashed in Brian's mind, he understood that this customer was also a big trader, and he was also single-mindedly bullish on the market outlook, so he didn't say anything anymore, and was busy matching after changing lines.

To put it mildly, this is purely Brian's delusion, because Bell Stone has not shown any desire to do long-term from beginning to end, except for raising the price of copper once some time ago, and quickly emptying all positions after making a profit, Brian thinks that he is making short-term funds.

After the 3,000-lot order entered the market, it quickly detonated the market's sentiment again. Although there is no such thing as the number of orders, the two sides of the transaction clearly feel that the speed of the transaction is accelerating, and in this case, the copper price has soared, and in less than ten minutes, it has risen to the price of $2,030.

Arguably, this instant order is the most visible and the most vulnerable. Because when the copper price grows rapidly, on the one hand, it attracts the attention of the bears, on the other hand, the small follower will be desperate to grab the long exchange orders and short orders in the market, and the most important thing is that when the single price growth rate begins to slow down, the follower will clear its position in the first time, and then cooperate with the short backhand to short, and maximize their profits between a back and forth.

However, they were doomed to be disappointed on this day, when Zhongshi's order quickly pulled up the price of copper, the United States and London were overjoyed, but they just watched the price of copper rise one price after another, and they had no intention of making a move.

Originally, in the United States, the market was active by rapidly raising the price of copper, and then releasing part of the position absorbed at a low price within a certain period of time, and then pulling up the copper price again after taking the real money into the pocket, and so on, and finally exchanging all the low-priced chips absorbed by themselves, and then clearing all the positions absorbed at this time at an acceptable price in a certain trading day or time period.

This process may take a while, even half a year or even longer, during which the price of copper may go back and forth several times, but they are not afraid because they have enough positions to keep their average price level at a very low level.

This is the practice of crossing the river dragon!

The approach of the landlords is different, they are targeting the short positions that are executed on the third Wednesday of the month, because once these shorts enter the market, they will be greeted by high-priced opponents, which means that they will lose a lot as soon as they enter the market.

Although the strategies of both sides are different, the ultimate goal is the same, which is to frantically raise copper prices!

As their opponents, the hedging bears even hope for this situation, because the current copper price is obviously undervalued, and the rise in copper prices will only have a huge profit on their sale of current copper, and this loss in the futures market can control the risk in an acceptable range as long as the loss is stopped in time, so although the loss is gradually increasing, they still continue to throw out the opponent's disk.

The biggest losers are those who are purely short, and they must continue to open short positions to turn the price of copper around, otherwise they will be greeted with a steady stream of losses.

Especially in the case of today's sharp rise in the market, they have no choice but to have a good fight with this rising shili!

However, the most haode strategy they have done now is to let the copper price rise further, because the more it rises, the stronger the rebound, and the greater the room for them to make a profit, so Zhongshi's 3,000 buy orders have raised the copper price by more than 10 prices in just ten minutes, which is due to them.

This is also the reason why Brian Weishenme was shocked to hear that Zhong Shi did not continue to operate after hearing that Zhong Shi held these long orders.

A buy order of 3,000 lots is really nothing, but under the influence of various factors, it was successfully closed in the end. Of course, among the lots of these transactions, the main transaction factor is the multi-exchange, and although there are a lot of empty openings, it is still a lot less than the number of lots that are exchanged!

When the price of copper rose to $2032 and the Xiangshang trend began to slow down, the bears took it for granted that the bulls' capital offensive was insufficient, and they began to launch a fierce attack on Xiangxia, hoping to suppress the upward momentum in a short period of time! (To be continued......)

PS: Thank you for the reward again!