Counterattack 1990

Chen Dong woke up and found himself reborn in 1990, a time when gold was everywhere. Carrying the regrets of his past life, he started by selling tea eggs...

Financial crises, oil crises, gra...

Chapter 123 Simultaneously Entering the Stock Market, Foreign Exchange Market, and Stock Index Futures

The entrance to the Tokyo Stock Exchange.

"Good morning, everyone."

Ai Fukuhara appeared before Chen Dong and the others, bowing and greeting them.

"Good morning."

“Konichiwa”.

"......"

Ai Fukuhara nodded in acknowledgment and then continued.

"Chen Dongjun, HSBC has already completed the procedures for the VIP room."

"Once the exchange opens, you can go directly into the VIP room."

Chen Dong chuckled and said.

"Thank you, Ai-chan. This news is just in time for me."

"Chen, Chen Dongjun, please don't be so polite, this is what I should do."

Just as the two were talking.

Someone in the crowd shouted.

"Look, the exchange doors are open."

"Great, the door is finally open."

"......"

Upon seeing this!

Chen Dong gave instructions to the group.

"Everyone, please stay together and don't get separated."

"After these people enter, we'll go straight to the VIP room."

"Yes, boss!"

......

7:45.

The group entered the main room.

The large room is a room with an area of ​​nearly 20 square meters.

Although small, the sparrow has all the vital organs.

Sofa, coffee table, air conditioner, a full set of computer equipment...

Seeing the scene before him, Chen Dong nodded in satisfaction and sighed sincerely.

"It's always good to find shade under a big tree..."

Given Chen Dong's own financial resources, gaining access to the VIP room would be a piece of cake.

Having a scout pave the way for you beforehand is a completely different experience from having to pave these paths yourself.

"Chen Dongjun, are you satisfied with this VIP room? If you have any other needs, you can let me know and I will coordinate with the exchange staff."

"No need, it's already very good."

As he spoke, Chen Dong looked at the others and gave them instructions.

"Everyone, stop standing there and get to work."

"Manager Ma, please take some people to coordinate the short selling. I don't have any other requirements for the stock, as long as it is a constituent stock of the Nikkei 255 index."

"Okay, I'll go right away."

Ma Guoliang nodded and led the three people out the door.

It is worth mentioning.

The securities firms I need to discuss short selling with are all located near the Tokyo Stock Exchange.

With HSBC's assistance, all that's needed now is to go there and complete the formalities.

After Ma Guoliang and the others left, Chen Dong continued to assign tasks to the other people.

Time passed little by little.

It's 8:00 AM Beijing time.

The island nation's stock market opened as scheduled.

"Boss, the island nation's stock market has opened, with an index of 0.7 points, which is a low opening."

Upon hearing Wangcai's words, Chen Dong walked to the computer.

On the screen, the graph representing the Nikkei index was glowing green.

Compared to yesterday's closing price of 0.5 points, the market index opened 14.8 points lower today, a decrease of 0.04%.

"The 5-day and 10-day moving averages have already crossed."

"Today is crucial, boss. Once a golden cross appears and the 5-day moving average turns upward, the stock market will signal a major surge."

Upon hearing this, Chen Dong nodded.

The so-called moving average, also known as the daily candlestick chart or daily moving average.

It is typically displayed as a white line, yellow line, purple line, green line, and blue line.

These lines of different colors represent, in order: 5-day, 10-day, 20-day, 30-day, and 60-day moving averages.

However, this is not fixed and will vary depending on the settings.

Every trader has their own unique way of interpreting daily candlestick charts.

However, most traders will still mark the 5-day, 10-day, and 20-day moving averages.

This is used to determine whether a stock will rise or fall on that day.

The golden cross candlestick pattern in the stock market.

When the 10-day moving average crosses the 30-day moving average from below, forming a situation where the 10-day moving average is above the 30-day moving average, the crossover point is called a golden cross.

A golden cross is a bullish signal, and its appearance indicates potential for further price increases, making it the best time to enter the market.

Of course, this is just the opinion of an average stock investor.

Real traders rarely use the 30-day moving average.

Chen Dong took the mouse from Wangcai and modified the moving average settings.

There are a total of 7 moving averages: 5-day, 10-day, 20-day, 33-day, 43-day, 53-day, and 63-day.

This view of moving averages is an analytical method created by Chen Dong.

It is specifically designed for judging the trends of individual stocks and the overall market.

By combining trading volume and turnover rate, it can be determined that over 90% of the major players' funds have either entered or exited the market.

Wangcai stared intently at the screen, his eyes wide open.

Could this be Chen Dong's secret to success?

wrong!

If it's just moving averages, then it's not much different from his own method.

There must be methods that I don't know about.

Wangcai could only imprint these things deep in his mind and find an opportunity to review them.

Chen Dong naturally had no idea what Wangcai was thinking.

Otherwise, he'll learn what naivety is.

There are stock market investors who enjoy studying candlestick charts and intraday charts.

On the contrary, this type of technically-minded stock market investor is very common.

But very few people actually make money from it.

The reason is simple.

The major players can draw up any kind of chart you want to see.

When you think you've seen through the truth of the matter.

Little did you know, what awaited you was an abyss.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!