【11/20】Tonight's USD/JPY scalping points and methods free公開中 Note: The original contains Japanese text. Translating while keeping HTML structure and inline content: "【11/20】Tonight's USD/JPY scalping points and methods free公開中"
This is Tomizaki from Trading Office.
[11/20 Dollar-Yen Scalp Points]
Thank you for your hard work! Alright, let's scalp dollar-yen again tonight!
First, the overview of Tokyo time for today.
Currently, the dollar-yen is around 157.60. This morning it started around 157.05, but during Tokyo hours the yen weakened across the board and the dollar-yen continued to rise without stopping.
Reasons include the worsening outlook for Japan’s finances, expectations of delaying December rate cuts in the US, and the lack of strong yen-supportive remarks from Finance Minister Katayama.
From the morning level, it looks like about 55 pips higher, passing on to the overseas session.
Today is the September data release, with the highly anticipated “US Employment Situation (Non-Farm Payrolls).” It wouldn’t be surprising if there were position-adjustment selling, but so far it’s all yen selling.
Now, the points for tonight’s dollar-yen scalping.
● Movements around the London market open at 17:00
● Movements after the US Employment Data, US Initial Jobless Claims, and Philadelphia Fed Index at 22:30
● Movements around the New York market open (Dow opens at 23:30)
● Movements after the US Existing Home Sales release at 24:00
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● Be careful of headlines related to US and Japan policy rates
Tonight’s “1-minute chart scalping” will target moves around market opens plus after the 22:30 US data releases and the 24:00 US Existing Home Sales release. For users of the “1-minute scalping club,” handling them according to the theory should be fine.
Also, the “15-minute scalp” which focuses on short positions only remains difficult amid the ongoing broad yen weakness, so tonight we won’t push it. I’d like to focus on the “1-minute scalp” tonight.
Now, overseas time will start shortly!
Because scalping aims for small profit margins, it’s often thought there are 24-hour opportunities, but that isn’t the case. By targeting time periods with relatively high volatility, you can significantly reduce the difficulty of trading.
The time periods I target are around the London market open and around the New York market open.
・London market open time (US/Eastern daylight time 16:00– / US/Eastern standard time 17:00–)
・New York market open time (US/Eastern daylight time 22:00– / US/Eastern standard time 23:00–)
Volatility and opportunities remain high immediately after US data/events as well. However, in the minutes right after the release, spreads can widen, so the rule is to wait for the normal spread before entering a trade.
Always check the US data/event schedule in advance. Knowing when opportunities come allows you to build profits efficiently.
Also, absolutely avoid positioning immediately before US data/events. If you go against it, you’ll be talked about. You can be quickly taken to the stop-loss line. Carelessness is not acceptable.
US data/event schedules 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 essential points you should at least know when scalping the dollar-yen.
Also...
In fact, I have fully released one of my trading methods, the “15-minute scalp,” for free. I hope it helps, even a little. (Completely free.)
⇒Scalping Method Explanation Book “15-Minute Scalping”
Also, on the following page I have公開 (posted) my main trading method, the “1-minute scalp,” 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
