376 won $100 million, Huang Chengkang regretted it
After leaving the trading room of Sky Capital, Lin Haocang has been staying in his office, observing the trend charts of various currency pairs in the foreign exchange market.
After looking at the Canadian dollar, the euro, the Swiss franc, the Australian dollar, and the New Zealand dollar, he found any good opportunities, and then he focused on the GBP/USD chart.
Yesterday he made $70 million by shorting GBP/USD, and today he is still going to short GBP/USD!
Now GBP/USD is oscillating around the 1.6360 level!
This morning's Asian session has not been very volatile, and has been in the range of 1.6340 to 1.6380 by 40 points!
Lin Haocang did not wait for the GBP/USD to rise to 1.6380 again, and began to open a short position today!
5000 lots at a time, open a position in 10 times!
A total of 50,000 were shorted, and the average position was opened at 1.6350, and a fluctuation of one point was a profit and loss of $500,000.
It's noon, and the trading volume is inactive, so Lin Haocang's position has caused GBP/USD to fall by 20 points, and it is now down to 1.6340, and Lin Haocang's account is floating with $5 million.
At this time, the secretary brought lunch, which was ordered from a French restaurant, grilled steak, pan-fried foie gras, beef tenderloin, and of course, a bottle of red wine.
Lin Haocang slowly enjoyed lunch.
After lunch, Lin Haocang found that the GBP/USD pair had fallen by 40 points to 1.6300!
On the 15-minute chart, the candlestick fell below the 60 EMA, where there is strong support, and GBP/USD will not be able to fall for a while and a half.
Lin Haocang's account has a floating profit of 50 points, totaling $25 million.
It's so comfortable to make $25 million for a lunch.
"Food, wine, tsk, it's so cool!"
Lin Haocang stretched his waist, he had drunk a lot of red wine before, and he was slightly drunk, so he closed the office door and started to take a nap.
At this moment, Greenwood Asset Management, a man in a suit and leather shoes, a square face, and a very masculine atmosphere is looking closely at the GBP/USD chart!
He is Huang Chengkang, president of Greenwood Asset Management!
At the moment, they have a long position of 800,000 contracts of GBP/USD in their account, with an average opening position of 1.6100, and a fluctuation of one point is a profit or loss of $8 million!
Last week, Huang Chengkang began to buy the bottom near the 1.6000 position to long GBP/USD, and then last week GBP/USD rose for 5 consecutive days, making their accounts float a lot of profits, and the highest floating profit was $2.5 billion, but after the beginning of this week, GBP/USD fell to the current 1.6300 position!
Although GBP/USD is supported at 1.6300, the market is weak and could fall below 1.6300 at any time!
Huang Chengkang feels that sooner or later the GBP/USD will fall below this position, so he might as well push it down directly, so that they can close the positions in the account!
So Huang Chengkang ordered: "Let's close 400,000 hands first!"
"Slow down!"
Now there are 200 points floating in the account, with a total floating profit of 1.6 billion US dollars, Huang Chengkang is already planning to retreat, and I don't know how much the profit of 1.6 billion US dollars will be reduced after the liquidation is completed!
"Yes, President!" everyone began to carry out Huang Chengkang's order.
GBP/USD, after their liquidation, immediately fell below the 1.6300 level!
Because they closed the long order and put it short in the market, which caused the GBP/USD pair to fall sharply very quickly!
After 5 minutes, GBP/USD fell to the 1.6280 zone!
After 15 minutes, GBP/USD fell to the 1.6260 level!
After 30 minutes, GBP/USD fell to the 1.6240 level!
An hour later, GBP/USD fell to the 1.6200 zone!
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Although they closed their positions very full, and every time they waited for the GBP/USD to rise slightly, they still had GBP/USD falling by 100 pips!
400,000 lots fell by 100 points, and this market is too fragile!
But now it's just the European market, and the trading volume is understandable!
Huang Chengkang immediately ordered: "Temporarily stop closing positions!"
"Waiting for the UK economic data to come out!"
Wait for the UK to release two economic data, if this economic data is good, the pound/dollar will definitely rise sharply, and then it is just right for them to close their positions at a high level, so that these receivers can hedge against them!
"Yes, President!" the traders were nervous as they watched the loss of profits in their accounts!
It is not easy when the big money is out, and if there are no other big funds to hedge against them, their liquidation will cause the GBP/USD to fall sharply!
···
At this moment, in the chairman's office, Lin Haocang had slept for 2 and a half hours, at this time he opened his eyes, got up, stretched his body, came to the trader, opened the GBP/USD chart, and was stunned.
During the time he slept, GBP/USD fell below the support level of 1.6300 and fell directly down by 100 points!
Now it is oscillating at 1.6200, and here is the 10 moving average in the daily chart as a support level, and the support is very strong!
Lin Haocang couldn't help but wrench his fingers and made a clicking sound.
After a nap, I had another $50 million in profit in my account!
Now he has a floating profit of 150 points in his account, for a total floating profit of $75 million.
Although he is still a small fighter, the money is still coming so fast!
It's four o'clock now, and Lin Haocang's fingers are gently tapping on the table!
Wait for an important economic data from the UK!
It's exciting to think about!
··
Time passed slowly, and half an hour later, GBP/USD suddenly rebounded and rose by 50 points, rushing to the 1.6250 level!
The trading volume in the market is also expanding, and the comparison is getting closer and closer to the time of the release of economic data, and the more intense the battle between long and short is!
··
10 minutes later, an important economic data was released in the UK!
UK CPI for December
Prior:0.6%
Expended: 0.3%
Declared value: 0.2%
That's a terrible statistic!
Bearish for GBP/USD, GBP/USD immediately fell!
In 15 points, it fell by 110 points, from 1.6250 to 1.6160!
The market is full of selling orders!
Lin Hao's eyes were quick, and he immediately began to close the position, and quickly closed the short order of 50,000 hands of GBP/USD in the account!
The average closing position was at 1.6150, and 200 points were gained, making a total of $100 million!
The account equity is up to $700 million!
After thinking about it, Lin Haocang chose to withdraw 100 million US dollars, leaving a net value of 600 million US dollars, now he can't predict the weekly chart, there are too many funds in the account and it is useless, and he still has to refresh the house price of Jiangdao, and break the record of 750,000 square meters in Liuluan!
Soon the $100 million he withdrew arrived in his account, and 778 million were credited to the bank card, plus the original 150 million, for a total of 928 million!
So Lin Haocang transferred 28 million to Luo Xueqiong's bank card and gave 900 million auspicious figures.
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At this moment, Greenwood Asset Management, Huang Chengkang shouted: "Continue to close the position!"
"Yes, President!" everyone quickly closed the position!
As a result, GBP/USD fell by another 50 pips, falling to the 1.6100 level!
This time, all the 800,000 long positions in their account were closed, with an average closing position of 1.6200, a total of 100 points, a profit of $800 million, and a net account value of $4.8 billion!
Huang Chengkang is very sorry this time, he didn't expect to lose so much profit!
If he closes the position yesterday, he can make at least 2 billion!
After thinking about it, he used the $800 million as a dividend to his customers, leaving $4 billion!