【10/24】Tonight's USD/JPY scalping points and methods free公開中
This is Tomizaki from Trading Office.
【10/24 USD/JPY scalping points】
Good work everyone! Alright, let's go with USD/JPY scalping again tonight!
First, today's Tokyo session overview.
Currently USD/JPY is around 152.90. This morning it started around 152.50, but during Tokyo time the yen selling accelerated because Finance Minister Katayama did not issue a jawboning statement against the yen’s depreciation. After 3:00 PM Japan time, it rose to a high of 153.05.
There was profit-taking at the 153 level, but USD/JPY continued to rise. It has gained about 40 pips from the morning level and seems poised to carry into the overseas session.
Today US CPI is scheduled for release. I don’t think it will push higher from this level all the way up until the announcement, but yen selling remains persistent.
Now, the points for tonight's USD/JPY scalping.
● Movements around the London market open
● Movements after the 21:30 US CPI release
● Movements around the New York market open (Dow open at 22:30)
● Movements after the 22:45 US Manufacturing PMI/Non-Manufacturing PMI releases
● Movements after the 23:00 University of Michigan Consumer Confidence Index release
—–
● Be cautious of headlines related to the new Takashi administration
● Be cautious of headlines related to the US government shutdown
Tonight’s “1-minute chart scalping” will target moves around each market open plus the moves after the 21:30 CPI, 22:45 PMI/Non-PMI, and 23:00 Michigan data. For users of the “1-minute scalping club,” simply follow the standard approach and you’ll be fine. It’s been a while since there were so many US data releases packed in! I’ll be trading with spirited enthusiasm!
Also, the “15-minute scalping” for short-selling only tends to tilt toward selling yen since Finance Minister Katayama did not issue a yen depreciation jawboning statement today, so today we won’t push too hard. Focus on the “1-minute scalping” for now.
Now, the overseas session is about to start!
Scalping tends to attract the idea that profit margins are small, so there’s a belief there are 24-hour opportunities. That’s not the case. By targeting time periods with relatively high volatility, you can significantly reduce the difficulty of trading.
The timeframes I’m targeting are near the London market open and near 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)
Volatility remains high immediately after US data/events and there are many opportunities. However, in the minutes right after an announcement the spread may widen, so the rule is to always enter after the spread returns to the normal level.
Please check the US data/event schedule in advance on your broker’s website or equivalent. By understanding when opportunities occur, you can efficiently accumulate profits.
Also, absolutely avoid positioning immediately before US data/events. If you go against the trend, you’ll be hard pressed to recover. Careless mistakes are not acceptable, never.
The US data/event schedule can be checked on each brokerage or FX broker’s website.
Of course there are other points beyond these three, but I’ve discussed the essential points you should cover when scalping USD/JPY.
Also...
Actually, one of my trading methods, “15-minute scalping,” is fully公開 for free. I hope it helps, even a little. (Totally free.)
⇒Scalping Method Explanation Book “15-Minute Scalping”
Also, on the following page I’ve公開 my main trading method, “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 Chart
