Chapter 900 New Line of Defense
"Crazy, I'm simply crazy..."
When Bivis Feich saw the 15,000 orders that disappeared in the instant, he looked extremely shocked and shocked, and did not dare to let traders continue to pay the orders on a large scale.
As the main institution, it has used funds so roughly to smash the market, reversing the market trend.
Bivis Feich is truly unheard of.
He originally thought that the powerful opponent of the Bentayga Capital Group would choose to passively defend the positive news after the news was announced, and then try to reverse the market sentiment through various market perspectives. Finally, when the positive news is completely digested by the market, he would concentrate funds, short sell at a high level, and make every effort to get back the market disadvantage.
But I didn't expect...
The actions of the Bentayga Capital Group were completely beyond his expectations.
"Beeves Feich, let traders continue to buy and consume this wave of funds trying to regain the market trend." Kry Stover walked into the fund trading room while Beeves Feich was meditating, staring at the big screen, and the US-Japan exchange rate that had already dropped to 91.400, and urgently ordered, "They wanted to create the illusion of weak market through a sudden attack. First, they stabilized the large number of retail investors who were shorted at low prices, so that they would not rush to cover and stop losses, and create new resistance for themselves. Second, they wanted to weaken the holding confidence of the retail investors who speculated long on the US-Japan exchange rate, so that they could quickly cover and exit the market as the US-Japan exchange rate quickly fell, and become their help on the market."
"They can't let their ideas succeed."
"We must be in this position, bite them, and we cannot let them take a sudden attack and reverse market sentiment."
"As long as you are at this position and bite them, then... the vast number of investments and speculators in the market will naturally understand that this is the short-term profit-making market takeoff under the influence of news, and it is a benign pullback. The subsequent US-Japan exchange rates will have to make rapid progress and impact 92 and 93."
"I set up several lines of defense, but unfortunately they were all broken through in an instant."
Bieves Fitch understood what Kerry Stover said, and also knew that the opponent of the Bentayga Capital Group was using the short-term profit-taking process to suppress the market, causing a weak market. The Bank of Japan's positive news is not enough to support the fundamentals of the yen exchange rate, and then completely reverse the appreciation direction. He hurriedly responded: "President, it's not that I don't want to bite them in this position. It's really the short-selling market order of the Bentayga Capital Group, which is moving forward with a continuous huge trend."
"I've been stuck in a margin of more than $300 million at 91700,91500."
"The opponent's rapid opportunity to take advantage of the short-term profit-making orders after the positive landing is in the land. The attack launched by the opponent is like crazy, with huge orders constantly smashing in."
"Based on the size of our hedge funds alone, we can't stand it under such huge waves!"
When Bivis Feige said this, he saw that Kry Stover's face suddenly became gloomy, and he couldn't help but change his words: "I set up a 23,000-order payment order at 91,350, and at the same time... let traders stand up to their opponents' selling orders in this position."
"but……"
"President, our position is no longer low, and the risks must be considered."
"You should urge Morgan, Pioneer, Berry, Fidelity, and Quantum Fund as soon as possible, and the Bentayga Capital Group, six hedge funds, if they act together, their maximum amount of capital use can reach more than 10 billion US dollars in a short period of time."
"This level of huge amount of funds is also a huge thing for the foreign exchange market."
"We must work together to block here to curb our opponents, crush their motivations and purposes, and reverse market sentiment and market trends."
As he said that, Biweis Feich gritted his teeth and began to issue orders quickly, continue to pay orders, consume opponent orders, and curb the rapid decline in the US-Japan exchange rate.
And Kry Stopher.
He also quickly connected with many allies such as David Lald of Morgan Investment Division, Gus Forta of the Lead Capital Hedge Fund Division, Joti Sharman of the Belide Capital Hedge Fund, Bazer of the Quantum Hedge Fund, Ferry Nance of the State Street Investment, etc.
At the suggestion of Kry Stoff, a multi-party video instant transaction contact will be formed.
"Everyone, we must stabilize the exchange rate price at 91.500, and then let our opponents continue to kill. We have established advantages and initiatives through the news stimulation of the Bank of Japan, but we will lose all of them again." Under the connection between multiple videos, Christopher said anxiously, "It is obvious that our opponents are playing the positive and negative situation, trying to quickly suppress the market with pure amount of funds and stimulate more short-term speculators who have made profits."
"We can't let our opponents do what they want."
"We can't give up the market advantage that we have finally established in the face of market sentiment, because the recovery of the news is conducive to our continued short squeeze."
"Everyone knows that as long as we pass the exchange rate level of 93, these yen long institutions that short the US-Japanese exchange rate will quickly collapse and collapse. At this time, we have already taken the initiative and the average holdings of the Japanese yen long institutions, under the positive bombardment of the Bank of Japan's easing currency, are already in a loss state. It is the best time for us to defeat these yen long institutions in one fell swoop, and we must not miss it."
"I have set up tens of thousands of orders to pay at 91.500, 91.400, 91.300," said Ferry Nance of State Street Investment. "However, just as I am talking now, the defense line I have laid out with the main hedge fund has been completely broken."
"Looking at the rapid decline of the US-Japan exchange rate, it is not realistic for us to quickly maintain the 91.500 position."
"A huge amount of short-term profit-taking is surging. In prices that do not have substantial market support, if we want to forcibly block the sell-off of this profit-taking, it is obvious that we will get half the result with twice the price."
"I think... it's better to put the fighting point at the 91.000 mark."
"This is the news stimulus, and the market suddenly surged by more than 2,000 basis points, which is the market's long-shoulder dividing line."
"At the same time, this is also a relatively bottom position for the previous US-Japan exchange rate fluctuations, with market support effect and can gain the recognition of many speculative and investing investors in the market."
"Secondly, after a brief period of time, a decline of nearly 1,000 basis points."
"The short-term profit-making market generated by the news stimulus has almost been released. The pullback kinetic energy has been fully released through these 1,000 basis points space."
"In this case, the killing momentum at the 91.000 position is much weaker than the 91.5000 position."
"If the Japanese yen bulls led by Bentayga Capital Group still continue to sell and fall on the market, the market follow-up effect will be significantly reduced by one level than now."
"At that time, it will be much easier for us to block these yen bull institutions and reverse market sentiment than it is now."
“I agree with Mr. Ferry Nance,” said Batesel, manager of quantum hedge fund. “The Bentayga Capital Group is an extremely difficult opponent and we cannot make any mistakes.”
"In the current situation, when a large number of short-term profit-taking sellers are taking off, the market's selling momentum has not been released."
"If we intervene at this time and force ourselves to defend the 91.500 position, we will lose a huge amount of funds unnecessary, and we are likely to not be able to defend the 91.500 position."
“Instead of this, it’s better to set up a line of defense at 91.000.”
Under the opinions of Ferry Nans and Bazer, everyone pondered for a moment and expressed their agreement.
So, a new line of defense began to build...
The main institutions began to give up the 250 basis points space in the range of 91.300 to 91.050, pay large-scale funds, and buried them in the 100 basis points range of 91.050 to 90.950.
"Huh... the downward resistance has become smaller, 10,000 hands have created 100 basis points of space."
After the main institutions on Wall Street made new operational adjustments, within the Bentayga Capital Group, Luo Yunfeng, fund manager of the Hong Kong City Branch, looked at the traces left by the 10,000 US-Japan exchange rate contract orders that had just been shorted at the market price, and was a little surprised and surprised, "Why did you suddenly give up now when you counterattack so fiercely just now?"
Su Yue stood in the core trading room of Ningzhou headquarters.
Staring at the real-time changes in the US-Japan exchange rate market, when he heard Luo Yunfeng's voice in the video, he pondered for a moment, and then he understood: "It is stupid to insist on in a meaningless position and consume funds in vain. Now they withdraw orders and temporarily leave all the range above the 91.000 mark to us, so that retail investors in the market will consume us, while they... place funds near the 91.000 mark, waiting for us."
"When the current position is not exhausted, doing this is a clever move."
"We use huge amount of funds and use lightning to cover up the news, and when the market has just consumed it, it reverses the trend and causes a large amount of short-term profit-taking to cover up, forming a momentum of selling drops. At the 91.000 position, it will almost end. In the future... If we want to make another selling break, we will defeat the confidence of the main institutions of Wall Street again."
"I'm afraid... I have to start from other directions."
"Since the other party is not deceived, it will not waste its funds at this stage when we trigger short-term profit-making returns and sell-offs."
"Then, it can be foreseen that 91.000 is considered an integer threshold and the position of support for the early platform. We should encounter tenacious obstacles from these main institutions."
"Next, it's not so easy to make a breakthrough, everyone should be mentally prepared."
"Do you need to fight for the battle?" After hearing Su Yue's words, Dana Yunis asked, "If you want to fight for the battle and force breakthrough, it is probably our strength alone, and it will be difficult to do it. I think... it is time for those allies who agree that the global economy will bottom out for the second time and the yen will still be on the appreciation channel, and it is time for them to make efforts."
Su Yue said softly: "If market sentiment is not on our side, it will be difficult to gather huge amounts of funds and force breakthroughs."
"The foreign exchange market is the world's largest trading volume market, institutions, central banks, retail investors, hot money... all kinds of investors are involved. At most, we can only play a guiding and leading role. What really determines the direction of the market is the torrent of funds gathered by countless retail investors, hot money and our own institutions."
"Lost retail investors and hot money, this scattered scattered force, is the most important force in the financial trading market."
"Then...it will be difficult to guide the market again."
"After reaching a position near 91.000, if you encounter resistance, don't force it to consume it. It will be useless to spend money, which will be detrimental to us."
"Next... I have to start from outside the plate."
"The real transaction is not only on the market with digital changes, but also on every place outside the market."
"Manager Liu..." Su Yue said this and immediately ordered the fund trading market manager standing behind him. "Based on the steep trend of the US-Japan exchange rate today after the Bank of Japan made a loose currency adjustment, the Bank of Japan's ability to mobilize the market department to promote market sentiment, and the suggestion that the US-Japan exchange rate remains weak and the yen does not change its appreciation expectations will be penetrated into the hearts of the vast majority of retail investors through the global exchange market trading discussion area."
"at the same time……"
Su Yue paused, looked at the video connecting the London branch, and said to the branch general manager Ma Fujun: "Let all European departments recognize our capital and enter the market to take action. External calls should be used, but the pressure on the market must be sufficient. Wall Street Capital and the Bank of Japan must be forced out for the next move."
"The next step of action?" Chen Yuhe was stunned, then reacted and said, "The Chairman wants them to carry out actual withdrawal operations in the money market before us, right?"
Su Yue nodded and said, "We will know how much liquidity they belong to can provide in a short period of time by forcing their cards to the maximum extent. On the market, we must take the initiative, but offline markets must see their cards clearly so that we can respond, otherwise it is very likely that the market will not be able to complete the market regulation and instead fall into the trap set by the other party."
"OK!"
Ma Fujun and the Manager Liu responded, and then quickly went to make arrangements.
Immediately after Su Yue finished setting up his position, his eyes returned to the US-Japan exchange rate market. He saw that the market was closed due to short-term profit-taking and various short-term speculative stop losses and the market was lost to the 91.050 position, and it began to approach the 91.050 position.
Then……
When the exchange rate price really hits the 91.050 price point, the disappearing large-scale payment orders began to appear again.
Under Su Yue's instructions, Luo Yunfeng tried to place a short order of 5,000 orders at the market price again, but... when it reached the 91.050 price, this time, it failed to break through even the 10 basis point range.
This proves that they have reached the strong range resistance position set by the main institutions of Wall Street.
Chapter completed!