[9/26] Tonight's USD/JPY scalping points & methods free公開中
This is Tomizaki from Trading Office.
【9/26 Dollar-Yen Scalping Points】
Good job everyone! Let’s go with dollar-yen scalping again tonight!
First, from today’s Tokyo session overview.
The current dollar-yen is around 149.70. This morning it started near 149.80, but during the Tokyo session, after the surge in overseas trading last night, it attempted to move toward 150 but could not break above, with the upside remaining heavy.
However, when it slips a little, dollar buying tends to come in, and the overall trend toward dollar strength is likely to continue. It seems the market will likely hand over to overseas time around roughly the same level as in the morning.
By the way, the reason for the dollar-yen rise during overseas hours last night was the Chicago Fed president's remark that “front-loading rate cuts would carry policy-mist risks,” reflecting a cautious stance among U.S. officials toward rate cuts.
Now, the points for tonight’s dollar-yen scalping.
● Movement near the London market open around 16:00
● Movement after the U.S. personal income release at 21:30
● Movement near the New York market open (Dow opens at 22:30)
● Movement after the U.S. University of Michigan Consumer Confidence Index release at 23:00
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● Be cautious of U.S. officials’ statements
● Be cautious of headlines related to the Liberal Democratic Party leadership race
Tonight’s “1-minute scalping” will likely target movements near each market open, plus the moves after the 21:30 “U.S. Personal Income” release and the 23:00 “U.S. Michigan Consumer Confidence Index” release. For users of the “1-Minute Scalping Club,” following the standard approach should be fine.
Also, the short-only “15-minute scalping” is mindful that dollar buying tends to come in a little after a dip, keeping the dollar-strength trend in mind, so today don’t push too hard. It might try 150 again later…
With that, thank you for your continued support today as well!
Because the profit margin targeted in scalping is small, it is often thought that there are opportunities 24 hours, but that is not the case. By targeting periods with relatively high volatility, you can significantly reduce the difficulty of trading.
The time frames I target are near the London market open and near the New York market open.
・London market open times (16:00 during U.S. daylight time / 17:00 during U.S. standard time)
・New York market open times (22:00 during U.S. daylight time / 23:00 during U.S. standard time)
Even right after U.S. data and events, volatility rises and opportunities increase. However, in the minutes immediately following the release, spreads can widen, so the rule is to always enter after returning to the normal spread.
Please always check the U.S. data and event schedule in advance. Knowing the time frames when opportunities will arise helps you accumulate profits efficiently.
Also, absolutely avoid positioning immediately before U.S. data or events. If you go against the trend, it can be disastrous. You can be taken to your stop-loss in an instant. Careless mistakes are not acceptable, absolutely not.
U.S. data and event schedules can be checked on each brokerage or FX provider’s website, etc.
Of course there are other points besides the three above, but I’ve discussed the minimum points you should keep in mind when scalping the dollar-yen.
Also...
Actually, one of my trading methods, the “15-minute scalping,” is fully公開 (completely free). I hope it will be of some help, even a little. (Completely free, you know.)
⇒Scalping Method Guidebook “15-Minute Scalping”
Also, on the following page, my main trading method, “1-Minute Scalping,” is also公開, so if you’re interested please check it out. (Sorry… this one is paid though…)
If you aim even higher, please consider it.
⇒“1-Minute Scalping” using Tick Charts
