After closing the long positions of AUD/CAD and CHF/CAD, Chen Hui turned his attention to EUR/CAD! At this moment, EUR/CAD is at 1.5130, and Chen Hui holds 2 million long positions of EUR/CAD at the moment, with an average position at 1.4840, with a total floating profit of 290 points, totaling $5.8 billion!

Because of the Bank of Canada's interest rate meeting, many bears are liquidating, so Chen Hui does not plan to close his position for the time being, quietly waiting for the economic data of the eurozone countries, the Canadian dollar because of last night's Bank of Canada interest rate meeting can be described as extremely weak!

Today is a good opportunity to run away at a high level! Chen Hui doesn't plan to continue to hold so many positions!

In the trading market, many times economic knowledge and common sense can mislead investors, and sometimes even wrong. The famous economist Fisher, judging the economic form correctly, bet on the stock market, and he went bankrupt instead.

Because the market pays attention to human nature, no investor can avoid greed, stupidity, anger, slowness, and suspicion.

In a state of madness and paranoia in the market, there is no logic at all, and we have to think philosophically and look at human nature.

At present, because the Bank of Canada's interest rate meeting is bearish for the Canadian dollar, many people are chasing up USD/CAD, EUR/CAD, GBP/CAD...... But after the crazy and illogical rise to a certain extent, the market will reverse, because once the bears in the market are slaughtered, they will slaughter the bulls in a blink of an eye, and Chen Hui's own position is very large, so he has to run away in advance and not earn the last copper plate!

At this time, the French economic data from the eurozone came out, and the preliminary French manufacturing PMI for January

Previous value 43

The forecast value is 44.5

Published value 48

PMI (Purchasing Managers' Index) is one of the internationally accepted macroeconomic monitoring index systems, which plays an important role in the monitoring and forecasting of national economic activities, covering production and circulation, manufacturing and non-manufacturing industries, etc., due to the adoption of fast and simple survey methods, the lag is shorter than official data, and has comprehensive and instructive.

This data is very good, bullish euro, EUR/CAD began to rise, in less than 20 minutes it rose 30 points, from 1.5130 to 1.5160, and then began to fluctuate in the range of 1.5160 to 1.5170 this 10 points, Chen Hui is not in a hurry to close the position, he looks at the trend of EUR/CAD is so strong,

So it was decided to continue waiting for the EUR/CAD pair to rise.

Then two more eurozone countries came out.

Spain's unemployment rate in Q4

Previous Value25.65%

Forecast: 27%

Declared value25.03%

Germany's preliminary manufacturing PMI for January

The previous value was 54.3

The forecast value is 54.6

Announcement 55.5

These two economic data are once again bullish for the euro.

EUR/USD has risen by 75 pips today, which can be described as very strong, and EUR/CAD is due to the stronger interest rate meeting of the Bank of Canada last night.

EUR/CAD rose 40 points after 20 minutes, from 1.5160 to 1.5200, Chen Hui watched the trend of EUR/CAD, very happy, but still restrained the move to close the position!

He continued to wait, and now the EUR/CAD pair is starting to gain a foothold at 1.5200, although the rally has been suppressed for the time being, but he is still slowly rising.

Chen Hui's long position of 2 million contracts of EUR/CAD was opened at 1.4840 on average, with a floating profit of 360 pips, totaling $7.2 billion.

Then the economic data of the Eurozone was released again!

Eurozone flash manufacturing PMI for January

The previous value was 52.7

Predicted value 53

Publication 54

Eurozone preliminary services PMI for January

Previous value 51

The forecast value is 51.4

Published value 52

Two figures are again positive for the euro.

The euro seems to be going crazy, and the EUR/USD pair is soaring, and so is the EUR/CAD!

Half an hour later, the EUR/CAD pair went up 70 points, from 1.5200 to 1.5270, and 10 minutes later it was 1.5270.

At this moment, countless EUR/CAD bears in the market are starting to stop losses, liquidate positions, and perhaps many of them have already been liquidated halfway.

After another 10 minutes, EUR/CAD rose by 30 points again, breaking through from 1.5270 to 1.5300, and Chen Hui immediately began to make a move, directly closing the long order of 400,000 lots of EUR/CAD. Instantly crushed EUR/CAD, which fell 30 pips and returned to the 1.5270 level after a while.

But after 10 minutes, EUR/CAD gained momentum again, and then rose 40 pips from 1.5270, breaking through from 1.5270 to 1.5310 before braking!

Chen Hui immediately continued to close the long position of 400,000 contracts of EUR/CAD, instantly suppressing EUR/CAD to the 1.5280 position, a full 30 points drop.

EUR/CAD is trading very heavily at the moment, and the market is suddenly stalemate, and it begins to jump wildly in the range of 40 points from 1.5270 to 1.5310.

Switzerland, Geneva, Blue Crown Asset Management, its founder, Pratt said to the traders: "Continue to increase positions, the bears are blowing up, the higher we push, the worse they will explode!"

Today, the euro currencies have risen like crazy, and the euro/Canadian dollar has risen the most ferociously, I don't know how many short positions have stopped losses, cut meat, and liquidated positions.

Thinking of this, Pratt continued to shout: "This time the bears in the market are completely desperate! No, it should be said that the fools in the market are completely desperate!"

The traders shouted in unison, "Okay, boss!"

Today, EUR/CAD has skyrocketed by so many points, although it seems to be very high, but there is not the slightest reason to go short, fools will do such a thing, what they have to do is to continue to push EUR/CAD higher!

At this moment, Germany, Hamburg, L'Aquila Capital, the chief trader of Kirstian, shouted: "As long as it falls, close my position!!" He watched the EUR/CAD fall to the 1.25275 position, and shouted again: "Don't hesitate any longer, continue to close the position!"

The economic data of the eurozone just now was released several times, all of which were good for the euro, and he really regretted it, why didn't he close some short positions before the release of economic data!

The EUR/CAD dollar has risen by so many points that the loss of their account has increased a lot!

In the trading room of Transcend's hedge fund in the Netherlands, Rotterdam, all traders looked at the EUR/CAD chart with excitement and shouted: "If it falls, increase its position!

·····

The EUR/CAD fluctuates at such a high speed, and every time Chen Hui seizes the opportunity, he will close the long order of 400,000 lots of EUR/CAD, which always causes large fluctuations in the market. The bulls and bears in the market are in a nervous mood.

Time passed like this, and soon it was evening, Chen Hui finally closed all the long positions of EUR/CAD, and he was relieved in his heart, the market was really volatile just now, and the position of each closing position was very good.

"Don't play with these fools, the euro/Canadian dollar has been pushed so high, and now the people in the market are crazy! So many people are chasing at a high level, although the account is floating, but that is only temporary, once there are only longs left in the market, and the euro/Canadian dollar has skyrocketed to the extreme, there will be a big reversal, so that many bulls have sold their positions, and then the euro/Canadian dollar must plummet!"

"One thought of long, one thought of nothing, one thought of heaven, one thought of hell! Bye-bye!", Chen Hui has now fled in advance of the high position, and does not want to play with them, although the euro/Canadian dollar may still rise in the future, but it means little to him, he is not greedy!

His long position of 2 million lots of EUR/CAD opened at 1.4840 on average and closed at 1.5290, making a total profit of 450 pips, a total profit of $9 billion!