108. Increase your position on the backhand and go long 800,000 lots!
Chen Hui looked at the USD/JPY with a faint look and it slipped 20 points in less than 20 minutes.
It fell below the 97.800 level......
From this morning's high of 99.350, it has fallen all the way to the current level of 97.800, a total of 150 points.
It can be described as a massacre of many heads.
The short-term bulls are absolutely dead. Stop loss of stop loss, close position of closed position!
Chen Hui's account equity soared again, reaching $900 million.
Then, at 8:30 p.m., the US economic data came out in favor of the dollar, and USD/JPY had to be supported by good economic data for the time being.
But USD/JPY only rose by 15 points, and then it was stopped and oscillated at 97.950.
After 10 p.m., USD/JPY began to fall again, and 15 minutes later, a long 15-minute black candlestick appeared, and USD/JPY fell from 97.950 to 97.700, a total of 25 pips. fell to a new low, and then USD/JPY began to retrace,
It is supported at the 97.700 position. After 5 minutes, it suddenly rose by 10 points. Chen Hui knows that tonight is about to fall to the lowest point, and now many short-term shorts have begun to close their positions again.
At this moment, Chen Hui's account net value is 920 million US dollars.
USD/JPY was still in the process of falling, and then a 15-minute black candle appeared again, dragging its big tail, and fell to around 97.650, which has already fallen to the October moving average of the USD/JPY monthly chart. There is undoubtedly an unimaginable level of support here.
Immediately, Chen Hui began to close his short positions in an orderly manner, Chen Hui now has a long position of 200,000 contracts of USD/JPY and a short position of 400,000 contracts of USD/JPY.
Chen Hui closed 10,000 short orders every time, and the dollar is still in a downward trend, sometimes rising, sometimes shocking, not falling below 97.600 position.
Regardless of whether it rises or falls, as long as USD/JPY is in the area between 97.600 and 97.700, Chen Hui closes his position.
10,000 hands at a time, sometimes tens of thousands of hands flat.......
When Chen Hui closed the position, Yamada of Toying's Mitsubishi headquarters in Tokyo kept urging his subordinates to short, "Hurry up, continue to suppress, short 20,000 hands, and now the bulls are no longer able to support it"
When Yamada added 200,000 contracts of USD/JPY at 98.000 and then fell to 97.600, Yamada was more and more convinced of his judgment that USD/JPY would continue to fall sharply tomorrow.
At this moment, the Yamada team has a profit of 300 million US dollars because of shorting 500,000 contracts of USD/JPY. Yamada finally let out a bad breath, and the loss of the previous two consecutive defeats was almost earned.
"Yamada-kun, are we going to stop tonight?" said one of the traders excitedly, and at the moment they had a profit of 300 million US dollars.
"Yamada-kun, USD/JPY has fallen by 170 points today, whether we continue to hold it or not may fall sharply again tomorrow," said one trader
"Yamada-kun, are we locking our positions? At the moment, USD/JPY is right at the October moving average of the monthly chart, and there is strong support here, and I am afraid that it will be against us," another trader said with a different opinion
Just as the team began to argue, Yamada hesitated, thought about it carefully, and said in a deep voice, "Keep holding!"
Yamada is a determined bear! a man whose will is unshakable!
At 11:30 p.m., Chen Hui closed all the short orders, a total of 400,000 short positions on USD/JPY, with an average closing position of 97.650, and Chen Hui's account equity is 930 million US dollars at this moment.
USD/JPY is still volatile, touching its October moving average. Chen Hui began to go long on the backhand, at the beginning of each time he bought 10,000 lots of USD/JPY, as long as USD/JPY was at the 97.600 to 97.700 position, Chen Hui would be a foodie, and sometimes he would buy tens of thousands of lots.
Chen Hui was bullish that morning, then became short, and now he is bullish again.
In Chen Hui's eyes, he is neither long nor bearish, but a big slippery head.
Only the big slippery head will not be slaughtered! Today I first killed the bears, then the bulls, and now I am ready to kill the bears!
By 1:30 a.m., Chen Hui had already bought 500,000 lots of USD/JPY, and his fingers were sore when he clicked the mouse. At the moment USD/JPY is trading at 97.720.
After a few more minutes, USD/JPY had completely stopped its decline and began to rise, and Chen Hui also began to increase his position all the way, adding 10,000 lots each time.
USD/JPY has a 15-minute long white candle and a long tail. Chen Hui knew that USD/JPY was about to start reversing, and the long-term bulls began to emerge and regain lost ground.
By 3 o'clock, USD/JPY had risen to 98.000, and Chen Hui had already added another 200,000 lots to his long position on USD/JPY.
At this moment, at the headquarters of Toei Mitsubishi, Yamada stared at the disk of USD/JPY, and hesitated, but USD/JPY actually rebounded, rebounding by almost 40 points, from 97.600 to know that it was about to rush to 98.000.
"Yamada-kun, are we going to close our positions," said one trader, worried that USD/JPY would go up.
"Yamada-kun, are we going to increase our positions and short them at this moment?" another trader disagreed. Like Yamada, he is firmly bearish on USD/JPY.
'Let's empty 50,000 hands first," Yamada said immediately
................. at this moment, Chen Hui has increased his position by a total of 700,000 contracts of USD/JPY, and the US dollar has risen all the way, Chen Hui has increased his position all the way, plus the original long position of 200,000 contracts of USD/JPY, and now Chen Hui holds a total of 900,000 contracts of USD/JPY long position. Floating up and down one point is 9 million US dollars, Chen Hui feels that he is numb now, the money in the account is floating up and down at the level of tens of millions of US dollars, and the heart is beating to the highest frequency, anyway, it doesn't matter, it's good if you're right, just make money all the way.
At this time, the USD/JPY fell again, down 10 points, from 97.988 to 97.888, there was a 5-minute big black line, Chen Hui was worried that there was no chance to increase the position, at this time, every time it fell, every pullback was a good time to increase the position, and suddenly Chen Hui bought 50,000 hands of USD/JPY. Hedged against Yamada's short order.
When Chen Hui threw off these long orders, the decline of USD/JPY was temporarily stopped, and Chen Hui's 50,000 USD/JPY orders were all eaten clean.
Then USD/JPY continued to fall by 3 pips to the 97.850 level before it completely stopped, and then began to oscillate, moving up and down in a range of 5 pips.
After another half an hour, USD/JPY went up again, breaking through the previous level of 97.988 and moving towards the level of 98.000.
At the investment department of Tokyo-Mitsubishi Bank, Yamada continued to shout: "Short another 50,000 lots of USD/JPY!"
Yamada is now a dead short on USD/JPY, and today's currency meeting undoubtedly made him more convinced that he was right, and he will begin to be completely bearish on USD/JPY in the future. Firmly optimistic about their national currency!
When Chen Hui saw that he was about to break through 98.000, he immediately bought another $50,000/JPY, collided with Yamada's short order again, and soon after it was completely filled, continuing to push USD/JPY higher.
5 minutes later, USD/JPY broke through the 98.000 level and rose to the 98.050 level.
At this moment, Chen Hui has increased his long position on USD/JPY by a total of 800,000 contracts tonight.
That is, tonight, Chen Hui backhanded his position to increase his position by 800,000 hands!