[10/16] Tonight's USD/JPY scalping points and methods free公開中

This is Tomosaki from the Trading Office.

[10/16 Dollar/Yen Scalping Points]

Thank you for your hard work! Let's do dollar/yen scalping again tonight!

First, the Tokyo time overview for today.

Currently, dollar/yen is around 151.10. The pair started around 151.05 in the morning, but in the early Tokyo session there was a dominant trend of selling dollars and buying yen, pushing it down to the day's Tokyo low near 150.50 before noon JST.

The reasons include difficulties in US-China trade negotiations and comments from US Treasury Secretary Yellen that “if the Bank of Japan continues to conduct monetary policy appropriately, the yen exchange rate should settle at an appropriate level (pressing for rate hikes).” Also, expectations for US rate cuts are adding dollar-selling pressure. Some voices even expect a 0.5% cut.

From the Tokyo session low, it has recovered a bit and is likely to transition to overseas time near the morning level. European and London participants will join later, making this a potentially good point to sell on the rebound.

Now, the points for tonight’s dollar/yen scalping.

● Movement around the 16:00 London market open

● Movement after the 21:30 release of the U.S. Philadelphia Fed Business Outlook

● Movement around the 22:00 New York market open (Dow opens at 22:30)

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● Be wary of headlines related to the Prime Ministerial election

● Be wary of headlines related to a potential US government shutdown

● Be wary of statements from US policymakers

Tonight’s “1-minute chart scalping” targets movements around each market open, plus the movement after the 21:30 U.S. Philadelphia Fed index release. For users of the “1-minute chart scalping club,” handling as per theory should be fine.

Also, the “15-minute chart scalping” with a focus on shorts can offer opportunities due to the ongoing US-China trade negotiations and comments from the US Treasury Secretary, which are generating strong dollar-selling pressure. If a setup allows selling around the 151 yen level, I will enter.

Now the overseas session is about to start!

Scalping tends to be perceived as having small target ranges, giving the impression that there are opportunities around 24 hours a day, but that’s not the case. Focusing on periods with higher volatility can significantly reduce the difficulty of trading.

The time I target is around the London market open and around the New York market open.

・London market open time (16:00 US daylight time / 17:00 US standard time)

・New York market open time (22:00 US daylight time / 23:00 US standard time)

Vlaidity of US indicators and events also tends to increase volatility and create more opportunities right after releases. However, in the first few minutes after a release, spreads can widen, so the rule is to enter only after spreads return to normal.

Always check the schedule for US indicators and events in advance. Knowing the time windows when opportunities arise helps you build profits efficiently.

Also, avoid positioning immediately before US indicators or events. If you go against the trend, you’ll be unable to see clearly. Your stop-out line can be hit in an instant. Careless mistakes are unacceptable, absolutely.

The US indicator/event schedule can be checked on the websites of brokers and FX providers.

Of course, there are many other points besides the three above, but here I’ve shared the essential points to keep in mind when scalping the dollar/yen pair.

Also...

In fact, one of my trading methods, the “15-minute chart scalping,” is completely free to access. I hope it may be of some help. (Totally free.)

⇒Scalping Method Explanation “15-Minute Chart Scalping”

Also, on the following page I publish my main trading method, the “1-minute chart scalping,” so if you’re interested please take a look. (Sorry… this one is paid.)

If you aim higher, please consider it.

⇒“1-Minute Scalping” Using Tick Charts