[10/21] Tonight's USDJPY scalping points and methods free公開中 Note: The original contains Japanese text with mixed English and Japanese; "公開中" means "currently available/published for free." A faithful translation maintaining HTML format results in: [10/
This is Tomizaki from Trading Office.
[10/21 USD/JPY Scalping Points]
Thank you for your hard work! Now, let's do USD/JPY scalping again tonight!
First, the Tokyo session overview for today.
Currently, USD/JPY is around 151.55. This morning it started around 150.65, and during the Tokyo session there was some profit-taking on the headline “LDP’s Takashi to be chosen as Prime Minister,” but afterwards it rose sharply as overseas players traded Takashi rather than Sell-za-Factory.
From the morning level it has risen about 90 pips and is likely to pass the baton to overseas time.
Also, a headline from a Bank of Japan official stating “There is no urgency to raise rates at this month’s Policy Meeting” is attracting yen selling. In fact, is this the main driver moving the market?
Now, the points for tonight's USD/JPY scalping.
● Movements around 16:00 London market Open
● Movements around 22:00 New York market Open (Dow opens at 22:30)
—–
● Watch out for headlines related to Takashi’s new administration
● Watch out for headlines related to the U.S. government shutdown
Tonight’s "1-minute chart scalping" has no U.S. indicators or events scheduled, and no particular market catalysts, so the movements around each market open may be the targets. For users of the “1-minute scalping club,” if you handle it according to theory, there should be no problem. It would be nice if there’s movement related to Takashi though.
Also, the “15-minute scalping” which is short-sell focused tends to tilt toward yen selling due to “Takashi’s new cabinet formation” and “BOJ rate-hike expectations fading,” so today it’s wise not to push it. It may be prudent to refrain from entries.
Now, overseas time is about to start!
Because scalping targets have small profit margins, it is easy to think there are 24 hours of opportunities, but that is not the case. By aiming for times with relatively high volatility, you can drastically reduce the difficulty of trading.
The times I target are 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)
Even immediately after U.S. indicators or events are released, volatility rises and opportunities increase. However, in the first few minutes after the release the spread may widen, so the rule is always to act after it returns to the normal spread.
Please always check the U.S. indicators and events schedule in advance. Knowing the times when opportunities will come allows you to accumulate profits efficiently.
Also, do not position right before U.S. indicators or events. If you go against it, you will be ruined in an instant. Careless mistakes are not acceptable, absolutely.
U.S. indicators and event schedules can be checked on the websites of each brokerage or FX provider.
Of course, there are other points besides the three above, but I’ve explained the minimum points you should keep in mind when scalping USD/JPY.
Also...
In fact, one of my trading methods, “15-minute scalping,” is completely released for free. I hope it will be of some help (completely free).
Additionally, on the following page I also publish my main trading method, the “1-minute scalping,” so if you’re interested please take a look. (Sorry... this one is paid.)
If you’re aiming higher, please consider it.
⇒“1-Minute Scalping” using Tick Charts
