[10/20] Tonight's USD/JPY scalping points and methods offered for free

From Tomizaki Trading Office.

[10/20 USDJPY Scalping Points]

Good work everyone! Let’s trade USDJPY scalping again tonight!

First, today's Tokyo session overview.

Currently, USDJPY is around 150.60. This morning it started around 150.35, but in the early Tokyo session, with Liberal Democratic Party (LDP) and Nippon Ishin no Kai (Ishin) effectively agreeing to form a coalition government, there is a prospect that Takai Kati will become prime minister, reviving Takai trades. After 10:00 Japan time, the intraday high reached around 151.20.

However, with next week’s FOMC and Bank of Japan Policy Meeting approaching, the 151 level is hefty, and subsequent selling dominated, turning the early Tokyo rise into a “head and shoulders” type move.

From the morning level, about 25 pips higher, it seems to hand off to overseas trading.

Now, the points for tonight’s USDJPY scalping.

● Movements near the London market open at 16:00

● Movements near the New York market open (Dow opens at 22:30)

———

● Watch for headlines related to US government shutdown

● Watch for headlines related to US-Japan monetary policy

Tonight’s “1-minute chart scalping” has no major US indicators or events scheduled, so the focus will be on moves around each market open. For users of the “1-minute scalping club,” handling as per method should be fine.

Also, for short-only “15-minute scalping,” with FOMC and BoJ policy meetings coming up next week, the 151 level looks heavy and there may be opportunities. If you wait for a small pullback and can sell around 151, we’ll enter there.

Now, soon the overseas session begins!

Scalping profits are small targets, so it’s easy to think there are 24-hour opportunities, but that’s not the case. By targeting periods with sufficient volatility, you can significantly reduce the difficulty of trading.

The times I target are around the London market open and the New York market open.

・London market open time (US Daylight Time 16:00– / US Standard Time 17:00–)

・New York market open time (US Daylight Time 22:00– / US Standard Time 23:00–)

Right after US indicators/events are released, volatility often increases and there are many opportunities. However, in the minutes immediately after the release, spreads may widen, so it is essential to trade only after the spreads have returned to normal.

Always check the US indicators/events schedule in advance. Knowing the times when opportunities will arise helps you accumulate profits efficiently.

Also, absolutely avoid positioning just before US indicators/events release. If you move against it, you’ll be wiped out in an instant. Carelessness is not acceptable.

US indicators/events schedules can be checked on the websites of each brokerage/FX provider.

Of course, there are many other points, but I’ve discussed the essential points to keep in mind when scalping USDJPY.

Also..

In fact, one of my trading methods, “15-minute scalping,” is completely free and publicly available. I hope it will be of some help (completely free).

⇒“15-Minute Scalping” Trading Method Guide

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.)

If you’re aiming higher, please consider it.

⇒“1-Minute Scalping” Using Tick Charts