[10/29] Tonight's USD/JPY scalping points & methods free公開中
This is Tomiaki from Trading Office.
[10/29 USD/JPY Scalping Points]
Thank you for your hard work! Now, let’s do USD/JPY scalping again tonight!
First, the overview of Tokyo time today.
Currently, USD/JPY is around 152.50. This morning, it started around 152.00, but during Tokyo time there were moments when the yen was pushed down further following comments that could be interpreted as pressing the Bank of Japan to tighten policy by the U.S. Treasury Secretary Janet Yellen’s remarks yesterday. After slipping to around 151.55 just after 9:00 JST, that level became today’s Tokyo low.
Thereafter, with expectations for the U.S. FOMC later tonight and reports that the BOJ would refrain from a rate hike in October, the movement became a complete “back and forth.”
From that morning level, it is expected to rise by another about 50 pips and transition to the overseas session.
Now, the points for USD/JPY scalping tonight.
● Movements around the London market open at 16:00
● Movements around the New York market open (Dow opens at 22:30)
● Movements after the release of ‘U.S. Existing Home Sales Pending’
● Movements after the release of the ‘U.S. FOMC policy rate & statement’
● Movements after the ‘Powell press conference’
———
● Be cautious of headlines related to the new Kishida administration
● Be cautious of headlines related to U.S. government shutdown
Tonight’s “1-minute scalping” will target movements around each market open plus the movement after the 23:00 release of the U.S. Existing Home Sales Pending. For users of the “1-minute scalping club,” simply following the theory should be fine. Also, the 27:00 ‘FOMC policy rate & statement’ and 27:30 ‘Powell press conference’ are on the schedule, and if I can stay up, I will target them. I’ll do my best to stay awake….
Also, the short-only “15-minute scalping” seems to be adjusting positions with a dollar-buying mindset in anticipation of the U.S. FOMC tonight, so there’s no need to push today. Tonight, I will focus on “1-minute scalping.”
Now, the overseas session is about to start!
Scalping tends to be underestimated because the profit per trade is small, leading to a belief that there are 24-hour opportunities. That’s not the case. By targeting periods with relatively high volatility, you can significantly decrease 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 (UTC-4 during US daylight time 16:00 / UTC-5 during US standard time 17:00)
・New York market open time (UTC-4 during US daylight time 22:00 / UTC-5 during US standard time 23:00)
Even immediately after U.S. data/events are released, volatility increases and there are many opportunities. However, in the first few minutes after a release, spreads can widen, so it is essential to enter trades only after the spread returns to normal levels.
Be sure to check the U.S. indicators/events schedule in advance. Knowing when opportunities will come helps to efficiently build profits.
Also, absolutely avoid positioning right before U.S. indicators/events. If you move against you, you won’t be able to recover. Careless mistakes are unacceptable; absolutely no.
The U.S. indicators/events schedule can be checked on the websites of each brokerage or FX firm.
Of course, there are many other points as well, but I’ve discussed the minimum points you should observe when scalping USD/JPY.
Also...
Actually, one of my trading methods, “15-minute scalping,” is completely public for free. I hope it helps, even a little. (Completely free.)
Also, on the following page, I publish my main trading method, “1-minute 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 Chart
