Chapter 51: Destroying the withered and decaying
34.380 to 37.499.
Forty-eight hours.
In just 48 hours, the baht was beaten and plummeted by 10 percent.
There are still 300 basis points left from the last defensive line of the baht.
And then...
The market is intertwined.
The spot exchange sell-off in the spot market is gone.
The dense number of short selling contracts in the forward market is also gone.
The extremely active baht, suddenly became very deserted.
The previous plunge seemed like a dream.
If it weren't for those two super huge red candlesticks, some people might really think that the previous violent selling was illusory.
An hour passed, two hours passed.
For ten hours in a row, the Thai baht was like a pool of stagnant water, without any fluctuations.
In these 10 hours, the maximum amplitude of the baht was only a little more than 100 points.
It is completely incomparable to the amplitude of thousands in previous days.
But the market is as light as water, but Sonny's heart gradually sinks.
According to the previous plan, as long as the bears smashed the price of the baht to around 37.8, there was still a chance to hold the previous low in a desperate bet.
But now, as if the main force of the air side knows the last psychological defense line of the Thai side, it does not give the Thai side a chance to make a desperate bet at all.
A blunt knife kills people, and it hurts the most.
When the air force is in the city, the long side will form great psychological pressure.
Because in a bearish trend, the camp of the bulls itself is not solid, and once the pressure is too great, the bulls will be crushed by that pressure to collapse.
At the slightest disturbance, some of the funds of the bulls will desperately flee to stop loss.
If you copy the chassis, you will also be out of the game immediately.
At that point, the funds of the more than one party will become short again.
Sonny clenched his fists weakly.
He could see everything, but he couldn't change anything.
That feeling of powerlessness made him feel gloomy in his heart.
Behind international capital, there is no weakling.
He was waiting for the Jedi to fight back, but the other party was not waiting for the final fatal blow.
Fourteen hours passed.
The Thai baht market remains as calm as a backwater.
But Sonny knew that the next time the baht moved again, it would be a storm of lightning.
The longer you build, the more deadly this attack becomes.
Can Thailand hold on to its bottom line?
Sonny's eyes were a little dazed, because he found that he was not sure at all.
I don't know for sure.
Singapore.
Jushi Capital Trading Department.
Liu Qiang stubbornly sat upright in the central trading area.
His eyes were full of dense bloodshots.
After receiving the signal to attack the Thai baht, Liu Qiang had not closed his eyes for sixty-one hours.
But he wasn't sleepy at all.
Not at all.
Because, this is the battlefield.
To snooze on the battlefield is to play with your own life.
He needs to break the baht in three days.
If he can't blow up the Bank of Thailand, he can't explain to his boss, and he can't explain to himself.
This pressure has always been on Liu Qiang's heart.
Even because of this pressure, Liu Qiang was flustered for a while.
However, Liu Qiang is very calm now.
His heart is as unwavering as the current market.
George King was right.
Negative emotions do not contribute to the outcome of things, and do not do anything other than add burden.
After realizing this, Liu Qiang stripped away the fear and helplessness.
Today, he is the top person in charge of the trading department, and he needs to take his share of responsibility.
The continuous struggle made Liu Qiang's spirit in an extremely excited state.
So he's not sleepy at all.
Inside, the battle song of Boulder Capital continued to play.
Each treble beat everyone present like a war drum.
"Hallelujah
Athletes rise up and move women
alleluia
Build our country
alleluia
Hallelujah ......"
Suddenly, there was movement in the market.
Under the passionate rhythm, there was a sudden amount of money on the Thai baht to sell a large amount of money.
This move, it moved so suddenly.
This move is so violent.
100,000 hands.
A full 100,000 lots were sold.
Under the 100,000 short sale contract, the Thai baht was bombarded to a price of 37.776.
These 100,000 lots of selling orders were like a fuse, and a large number of selling orders were immediately followed by them.
37.786. Sell 10,000 lots.
37.790, sell 10,000 lots.
37.796, sell 3,000 lots.
37.798. Sell three thousand lots.
.....
Then, the markets were intertwined again.
When the baht price was bombarded to 37.798, there was a lot of buying in the market.
37.798 buy, 10,000 lots.
37.751, buy 10,000 lots.
37.748, buy 10,000 lots.
Under the large purchase contract, the price of the Thai baht rebounded again.
Bangkok.
The Deputy Governor of the Bank of Thailand, Kuan, is screaming in an effort.
He roared, almost twisted.
"Hold on. Gotta hold on to me, this is our last chance. Follow up, below 37.7, sweep away all sell orders. ”
One by one, the traders were holding their breath and frantically tapping on their keyboards.
Everyone knows that Thailand is now in a life-and-death crisis, and once the previous low is lost, it will hit a record low.
After that, no one knows what the baht will become like.
But suddenly, the upward trend of the baht was stagnant, and then it dived straight at a faster speed than the rise.
50,000 hands.
At the level of 37.801, another super sell order was suddenly smashed.
A full 50,000 hands.
Under this smash, the baht broke like a broken clockwork.
Singapore.
Liu Qiang's eyes were already red, but there was no turmoil in his heart.
Unconsciously, he had achieved the calmness he had been asking for.
Liu Qiang, transformed.
A kind of spiritual metamorphosis.
At this time, he no longer had the involuntary fear of money in the past.
He forgot that he was now attacking a government, and that the enormous pressure of wealth came with it.
But Liu Qiang didn't know anything about it.
Now he has only one pursuit left in his heart.
Burst the baht and rip off the Bank of Thailand's underwear.
Complete the tasks given by the boss.
After giving the order to sell 50,000 contracts, Liu Qiang calmed down again.
"Little four. 250,000 contracts were sold at an overprice. Sweep away all sell orders below. ”
250,000 contracts...
Sell at an overprice.
It means that in a millisecond of time, Jushi Capital will hit nearly $400 million at any cost.
In the past, the trading volume of Thai baht forward contracts was only $400 million a day.
But in this millisecond, it was blasted out of $400 million.
Destroying.
With 250,000 oversold contracts, the price of the baht was bombarded from 37.801 to 38.220.
The baht defense line was declared lost.
It's like a piece of thin paper.
At $400 million, under 200,000 contracts, the Bank of Thailand's last line of defense was completely destroyed.
The effect of the dam is that the surging river can no longer be stopped.
When the previous low of the Thai baht was broken, the market fell into a state of madness.
38.331...
38.398...
38.552...
38.789...
......
......
39.189....
....
....
39.999.....