428. The enemy advances and I retreat, and the enemy is tired and I fight?
Previously, USD/JPY has been hovering at a low level, oscillating, and Chen Hui does not want to continue to short USD/JPY in the support zone around 106.050.
Now that the US economic data is good, the bulls here will just start to exert their strength, push higher, pull up USD/JPY, and the trading volume will increase, and they will just be able to build more short positions and eat up their huge long orders.
Chen Hui thought refreshedly in his heart: "Without major good news, these dead turtles will not stick their heads out!"
Immediately, Chen Hui shorted 50,000 lots of USD/JPY short orders, but after the 50,000 lots of USD/JPY short orders smashed in, it only made the furious USD/JPY fall by 4 points, from 106.170 to 106.130, and it was completely digested by the market.
Suddenly Chen Hui's heart was overjoyed, and he said secretly: "It seems that there are a lot of dead turtles, there are so many long orders in the market, I just eat them all at a high level, and then let the USD/JPY rise a little first!
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At this time, in the trading room of a building in Tokyo, Watanabe was very satisfied to watch the traders frantically sweeping, watching the momentum of the USD/JPY rise very violently, he was very excited, and kept shouting in his heart: "Give Lao Tzu, skyrocket, give Lao Tzu skyrocketing!!Give me a rise!!Rise!!"
At this time, when the USD/JPY was rising very strongly, it suddenly dropped by 4 points, which made Watanabe's eyes stunned, and his heart began to chill again.
The corners of his mouth muttered: "Such good data, shouldn't this be the case! It only rose more than ten points before it ended?"
Watanabe's heart suddenly became uneasy again, his private account opened an average position at 106.500, holding a total of 20,000 lots of long positions in USD/JPY, and at the moment he still lost nearly 40 points, a total of nearly 8 million US dollars!
"What a bastard!!" Watanabe couldn't help but curse at the screen.
Annoyed at these traders, he asked loudly: "Why, you have stopped pulling up again, and now that the trend is so high, why don't you continue to push USD/JPY higher!"
"Watanabe, don't worry, this is our tactic! You don't understand! The operation mode of big money is not as simple as you think!" said a trader, looking at Watanabe with a look of disgust.
"Watanabe, do you think you can make a few thousand hands at a time, and tens of thousands of hands will become? Another trader said, looking at Watanabe with disdain.
"Watanabe, the enemy advances and I retreat, and the enemy is tired and I fight!" do you know?" said another trader.
Looking at Watanabe, who was at a loss, he held back his anger and pointed to the trend of USD/JPY and said: "Watanabe, you see that the USD/JPY rose very sharply just now, but suddenly dropped a few points, indicating that the bears above began to attack, I estimate that at least tens of thousands of hands were smashed down, and a total of tens of thousands of our hands were consumed, and now he should have run, scared, because the market is now full of bulls, we let the dollar/ The yen fell a little bit, but also in order to better sweep the goods at the low level, continue to pull up, you see, now is the time for us to pull up!"
After saying this, the trader immediately bought a long order of 10,000 lots of USD/JPY, and immediately USD/JPY rose by 7 points, from 106.130 to 106.200.
"Watanabe, take a good look, I only spent 10,000 lots to get the USD/JPY to rise to the 106.200 level!
The other traders also gave Watanabe a teasing look, and then began to continue buying, each buying a few thousand lots at a time, and a few hundred lots.
"Understood, understood, I was anxious just now, I'm sorry, I apologize to you" Watanabe looked very embarrassed and bowed to everyone.
Seeing that USD/JPY had risen to the level of 106.200, he relaxed a little, and at the moment his private account lost another $2 million, and now he only has a loss of $6 million.
Thinking that his private account would turn the floating loss into a floating profit tonight, Watanabe's face was happy again! With some confident eyes, he watched the trend of USD/JPY.
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In the study, Chen Hui quietly looked at the USD/JPY, broke through the 106.200 position, continued to rise, and when it reached the 106.250 position, Chen Hui once again shorted 50,000 hands of USD/JPY short order, smashed in, and suddenly the USD/JPY stopped rising, turned around and went down, falling 5 points, and finally stopped the car at the 106.200 position!
Then it shook up in that position.
Chen Hui looked at the trend of USD/JPY at the moment, sneered, did not continue to short, and said secretly: "Lao Tzu, you see that you are advancing step by step, and I will also release it step by step!"
Chen Hui also felt a strong force and was slowly pushing USD/JPY upwards. This is exactly what Chen Hui wants.
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At this time, in an ordinary trading room in Dongying, all the traders began to discuss again, and they exchanged ears.
"Here's the opportunity, let's go together!"
"Okay, buy! The market has already exhausted the decline!"
"I bought 8,000 lots at 106.200!"
"I'm at 106.210 and I'm buying 5,000 lots!"
"I'm at 106.220 and I'm buying 4,000 lots!"
"I'm at 106.230 and I'm buying 3,000 lots!"
"I'm at 106.240 and I'm buying 2,000 lots!" '''''''''''
"I'm at 106.250 and I'm buying a thousand lots!"
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"Let's just push forward steadily, consume the strength of the bears, slowly pull USD/JPY back to the 106.250 level, regain the lost ground just now, and try to let the other bulls in the market rush ahead of us!"
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In this way, USD/JPY continues to advance, and the whole trend is very smooth, exactly as these traders think.
USD/JPY rose from 106.200 to 106.250 and encountered little resistance during this period, and then when it rose from 106.250 to 106.300, it was again suppressed by 5 points and fell to 106.250.
Traders continued to buy, operating in the same pattern as before, and USD/JPY moved as expected, rising from 106.250 to 106.300 without resistance, from 106.300 to 106.350, and was again suppressed by 5 pips, falling to 106.300.
Then it was supported at 106.300.
With such a roundabout rally, USD/JPY went straight up to the level of 106.500, and then the bears above began to exert their strength.
Chen Hui looked at the USD/JPY and when it rose to the 106.500 position, he immediately threw out a short order of 200,000 lots and smashed it into the market.