[11/19] Tonight's USD/JPY scalping points and methods free公開中
This is Tomizaki from the Trading Office.
[11/19 Dollar/Yen Scalp Points]
Good work everyone! Let’s do some Dollar/Yen scalping again tonight!
First, the Tokyo time overview for today.
Currently, the USD/JPY is around 155.40. This morning it started around 155.45, but during Tokyo time it traded with no clear direction and moved little. It looks like it will hand off to overseas time at roughly the same level as the morning.
The market trend suggests continued selling of JGBs in favor of JPY bonds due to expectations of increased Japanese government debt issuance, implying a continued yen weakness, but last night’s high could not be surpassed. At 18:10 today, the headline “Prime Minister Ueda of the Bank of Japan, Finance Minister Katayama, and Growth Strategy Minister Jounai to hold a three-way meeting” seems to be influencing the market.
After the meeting, Finance Minister Katayama will be giving interviews, and if the government and the BOJ intensify yen weakness controls, there could be further declines, so caution is needed.
Now, the points for tonight’s USD/JPY scalping.
● Movement near the London market open
● Movement after the release of the U.S. Trade Balance
● Movement near the New York market open (Dow opens at 23:30)
● Movement after the U.S. FOMC Minutes release
—–
● Be mindful of headlines related to U.S.-Japan policy rates
Tonight’s “1-minute chart scalping” will target the moves near each market open in addition to the move after the 22:30 U.S. Trade Balance release. For users of the “1-minute Scalping Club,” following the theory should be fine. Also, the 28:00 U.S. FOMC Minutes release is on the horizon; if I can stay awake, I will of course aim for it. I plan to stay awake… The winter time is tough….
Also, for the short-only “15-minute scalping,” if there is mention of yen weakness during the three-way meeting between Ueda, Katayama, and the Growth Strategy Minister, it might be worth aiming for. The setup would be when one can sell around the mid-155s.
Then, overseas markets are about to start soon!
Because scalping profits are small, it’s easy to think there are 24-hour opportunities, but that isn’t the case. Targeting times with relatively high volatility can greatly reduce the difficulty of trading.
The times I’m aiming for are near the London market open and near the New York market open.
・London market open time (U.S. daylight time 16:00– / U.S. standard time 17:00–)
・New York market open time (U.S. daylight time 22:00– / U.S. standard time 23:00–)
Even immediately after U.S. data and event releases, volatility rises and opportunities are plentiful. However, in the minutes immediately after the release, spreads can widen, so the rule is to enter only after they return to normal spreads.
Always check the U.S. indicators and events schedule in advance. Knowing when opportunities will come helps steadily accumulate profits.
Also, absolutely avoid positioning right before U.S. indicators/events. If you go against them, it can be devastating. You can lose your stop in an instant. Careless mistakes are not allowed, absolutely.
U.S. indicators and events schedules can be checked on the websites of each brokerage and FX dealer.
Of course there are many other points, but I’ve discussed the essential points to keep in mind when scalping USD/JPY.
Also…
Actually… one of my trading methods, “15-minute scalping,” is completely free to the public. I hope it can be of some help (completely free).
⇒Scalping Method Explanation Book “15-Minute Scalping”
Also, on the following page I disclose my main trading method, “1-minute scalping,” so if you’re interested please have a look. (Sorry… this one is paid though…)
If you’re aiming higher, please consider it.
⇒“1-Minute Scalping” Using Tick Charts
