[9/22] Tonight's USD/JPY scalping points and methods, free公開
This is Tomizaki from Trading Office.
[9/22 Dollar-Yen Scalp Points]
Thank you for your hard work! Alright, let’s scalp USD/JPY again tonight!
First, here is today’s Tokyo session overview.
Currently the USD/JPY is around 148.00. This morning it started around 147.90, but during the Tokyo session it climbed above last week’s high in the morning and after 13:30 Japan time reached today’s Tokyo high around 148.40.
After passing last week’s US FOMC and the Bank of Japan meeting, the dollar strengthened again, right?
However, as market participants from overseas approached, a correction began, and the morning rise in Tokyo time looks like a “give-back” move, so it seems it may hand over to overseas time at roughly the morning levels.
Was the afternoon drop during Tokyo time related to the Liberal Democratic Party leadership race speeches? It seems overseas players view it as dollar-buying fuel if Koizumi is favored, and dollar-selling fuel if Yasuhiro Kato (KA) is favored, so at this point the expectation seems to be that Koizumi is ahead...
Now, here are tonight’s USD/JPY scalping points.
● Movements around the London market open at 16:00 (US daylight time) / 17:00 (US standard time)
● Movements around the New York market open (Dow opens at 22:30)
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● Be cautious of US official speeches
● Be cautious of headlines related to the Liberal Democratic Party leadership race
Tonight’s “1-minute chart scalping” is expected to profit mainly from moves around market opens, with no particular catalysts in the market. For users of the “1-minute scalping club,” as long as you handle it according to the strategy, there should be no problem. Also, be cautious of US officials’ statements.
Also, the short-only “15-minute scalping” is recovering the dollar strength after last week’s US FOMC and BOJ meetings, so today you don’t have to push hard.
With that, please have a good day as well!
Scalping tends to be perceived as having small profit margins, so it seems like there are 24-hour opportunities, but that isn’t the case. By targeting periods with relatively high volatility, you can significantly reduce the difficulty of trading.
The time periods I target are around the London Market Open and around the New York Market Open.
・London market open time (16:00 in US daylight time / 17:00 in US standard time)
・New York market open time (22:00 in US daylight time / 23:00 in US standard time)
Volatility increases and opportunities arise immediately after US data releases or events. However, in the first few minutes after the release, spreads may widen, so the rule is to always enter only after spreads return to normal.
Always check the US data and events schedule in advance. Knowing when opportunities will come can help you efficiently accumulate profits.
Also, absolutely avoid positioning just before US data or event releases. If the market moves against you, you’ll be wiped out in an instant. Careless mistakes are not acceptable, absolutely not.
US data and event schedules can be checked on the websites of each brokerage or FX broker.
Of course there are other points besides these three, but I’ve explained the minimum key points you should keep in mind when scalping USD/JPY.
Also...
In fact, I’m openly sharing one of my trading methods, the “15-minute scalping,” completely for free. I hope it helps a little. (Completely free, you know.)
⇒Scalping Method Explanation Book “15-Minute Scalping”
Also, on the following page, my main trading method, the “1-minute scalping,” is also published, so if you’re interested please check it out. (Sorry... this one is paid, though.)
If you’re aiming higher, please consider it.
⇒“1-Minute Scalping” Using Tick Charts
