107.The Massacre of the Bulls (2)

Chen Hui is eating lunch with relish at the moment, and Chen Hui is very relieved about today's market trend of USD/JPY, which will fall to the October moving average of the monthly chart.

Today is a massacre of short-term bulls!

At this moment, on the other side of the ocean, Citigroup headquarters, Jimmy said to his subordinates: "Today's situation has changed, stop going long, try to lock up positions today to ensure our profits!"

After saying that, Jimmy went to the break room and got a good night's sleep.

At the headquarters of Bridgewater Fund, Dario, who was lying on the bed, said to his assistant: "Tell them that tonight the American market will start to close all the short orders of the locked position, and then start to go long!" After speaking, Dario lay down and continued to rest.

After having lunch at noon, Chen Hui returned to his study again and continued to observe the trend of USD/JPY......

After the opening of the European session, USD/JPY rose a few points and then turned down, and at 1:30 a.m., USD/JPY fell to 98.800, and Chen Hui's account equity returned to $700 million.

Seeing that the net value of the account returned to $700 million again, Chen Hui took a deep breath.

USD/JPY has fallen again to the 98.800 level, the original lowest level of the day, and now it is time for today's repeated lows, the time for a bullish massacre.

Chen Hui in the study immediately shouted outside: "Fenfen, every half an hour, pour me a different cup of coffee and come in, give me a refreshment"

"Oh oh, I know, my eldest young master" Zhou Xuefen seemed to be used to Chen Hui's usual calls.

At 1:45, the USD/JPY 5-minute chart showed 3 consecutive medium-sized insidious, and the moving average began to line up bears.

Chen Hui knew that this was the rhythm of preparing for a big fall, and soon after, USD/JPY began to plummet, first a 5-minute long black candlestick appeared, USD/JPY fell as much as 20 points, falling to the 98.600 position, and it continued to fall, without the slightest pullback and shock. The net value of Chen Hui's account soared again, reaching $740 million.

After another 10 minutes, USD/JPY fell another 20 pips, reaching the 98.400 level before starting a pullback.

At this moment, Chen Hui's account net value fluctuates around $780 million......

At this moment, at the headquarters of Toei Mitsubishi Bank, the big stone in Yamada's heart finally fell, and there was a floating loss of 250 million US dollars on the highest book this morning.

"Yamada-kun, are we starting to close our positions? At this point, our books have been opened and there is no floating loss," a trader asked

"Yamada-kun, whether we continue to hold or not, the bulls in the market are at a disadvantage now, and USD/JPY has fallen below one support level after another" Another trader said differently.

Yamada took a few deep breaths and said in a deep voice: "Be patient, don't increase your position at this moment,!"

Yamada undoubtedly continues to be bearish on the dollar, believing that as long as it falls below the key level of 98.000, it will fall even more sharply tomorrow, so Yamada chooses to continue to be patient and allow time to verify his correctness.

At 4 o'clock in the afternoon, the dollar fell again, breaking through the 98.400 zone, and at 5 o'clock, the USD/JPY pair fell below the 98.300 zone, falling another 10 points. A one-hour medium black candlestick appeared. The downward momentum continues.

After half an hour of volatility, USD/JPY fell another 10 pips, reaching the 98.200 level, and then began to pull back, where some short-term bears also took profits.

At this moment, Chen Hui's account net value has once again made a great breakthrough, reaching 820 million US dollars.

Chen Hui took a sip of coffee lightly, looking at the current trend of the USD/JPY market, after another 5 minutes, the USD/JPY began to rise, and half an hour later, it slowly rose by 15 points to reach the 98.350 position

Chen Hui knew that this was only temporary, because no one was going to do much here. USD/JPY is rising at this time because the short positions are closed at profit. At the moment, the market is almost full of bears, and no stupid investor dares to buy the bottom at the 98.2000 level.

At this moment, because of the rise and shock, the net value of Chen Hui's account remained at more than 800 million US dollars.

Soon after, Zhou Xuefen made dinner, and Chen Hui glanced at the dollar/yen after a downward trend again, and then walked out of the study to have dinner.

In the investment department of Toying Bank of Tokyo-Mitsubishi, Yamada looked at the USD/JPY chart with satisfaction, and finally fell, resisting a floating loss of more than 80 points, and the highest loss was as high as 250 million US dollars.

At the moment Yamada has a profit of 10 pips, and USD/JPY is at 98.300 at the moment, and from 9 o'clock this morning to 6 o'clock in the afternoon, the decline is as high as 100 pips.

The Yamada team holds a short position of 300,000 contracts on USD/JPY, and a profit of 10 pips is $30 million.

At this moment, USD/JPY is about to fall further, and Yamada is undoubtedly relieved.

Yamada is ready to continue to increase his short positions at the level of 98.000, which is the key point, as long as it falls below this key level, it will cause the bulls to stop losses, mass unwinding, and then cause USD/JPY to continue to plummet.

"Yamada-kun, you really judged correctly, fortunately we didn't close the position in the morning, otherwise we would have lost $200 million in vain," a trader said excitedly

"Yes, I was sweating with fear at the time, but fortunately I fell down at the moment, and it may fall even more violently tonight, and Yamada-kun is really right," said another trader

The corners of Yamada's mouth raised slightly, and a touch of pride flashed in his heart, and at the same time, he was rejoicing.

Pulling his face, Yamada, who had a serious expression, said in a deep voice: "Baga! Don't pat yourself on the back! Pay attention to the plate." We might be going short tonight!

"Yes!" said the traders, who were so hungry at the moment that they hadn't eaten at noon.

Chen Hui is having dinner with Zhou Xuefen at the moment......

At Citibank across the ocean, Jimmy's alarm clock just went off......

At the headquarters of Bridgewater Fund, Dario is freshening up.......

After 7 p.m., the USD/JPY began to fall further, Chen Hui sat in the boss's chair, crossed Erlang's legs, quietly looked at the USD/JPY chart, and took a few sips of coffee from time to time.

At this moment, Chen Hui's expression was very pleasant, and his heart was as sweet as eating a peach

The net value in the account is about $860 million at the moment. USD/JPY has fallen to the 98.000 level. This is a key point of support at the moment.

At this moment, USD/JPY really found support again, and at the 98.000 level, it began to oscillate, rising sharply from time to time, but it still did not suppress it, and it lasted for more than an hour.

At 8 o'clock in the evening, when the American session opened, USD/JPY again approached the 98.000 level, and then directly fell below the 98.000 level without any main force.

At this time, the bulls in the market seemed to have completely lost, there was no buying in the market, and USD/JPY began to plummet, with 4 black candlesticks of 5 minutes appearing in succession.