[12/3] Tonight's USD/JPY scalping points & methods are available for free public viewing

This is Tomizaki from Trading Office.

【12/3 Dollar-Yen Scalp Points】

Good job everyone! Let’s do some USD/JPY scalping again tonight!

First, here is today’s Tokyo session overview.

Currently, USD/JPY is around 155.70. This morning it started around 155.80, but during the Tokyo session the dollar slightly weakened.

However, nothing major news has come out, so it seems reasonable to view tonight as a pullback from yesterday’s broad dollar strength ahead of the U.S. important indicators.

It looks likely to hand over to the overseas session around roughly the same level as the morning.

Now, here are tonight’s USD/JPY scalping points.

● Movements around the London market open (about 17:00 Japan time)

● Movements after the 22:15 release of the “U.S. ADP Employment Report”

● Movements around the New York market open (Dow opens at 23:30)

● Movements after the 24:00 release of the “U.S. ISM Non-Manufacturing PMI”

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● Be mindful of headlines related to the Fed/Bank of Japan policy rate

Tonight’s “1-minute chart scalping” will target movements around market opens plus the moves after the 22:15 ADP release and the 24:00 ISM Non-Manufacturing PMI release. For users of the “1-Minute Scalping Club,” handling these as per theory should be fine.

Also, the “15-minute scalping” for short-term only is somewhat dollar-selling-leaning but the moves are slow, so today not pushing too hard is wise. Like yesterday, dollar buying may resume. Tonight I’d like to focus on the “1-minute scalping.”

Now, overseas session is about to begin!

Since scalping targets small profit margins, it’s easy to think there are 24-hour opportunities, but that’s not the case. By targeting periods with relatively high volatility, you can significantly reduce trading difficulty.

The time periods I’m aiming for are around the London open and around the New York open.

・London open time (during the U.S. summer time 16:00– / during the U.S. winter time 17:00–)

・New York open time (during the U.S. summer time 22:00– / during the U.S. winter time 23:00–)

Even immediately after U.S. indicators/events, volatility rises and opportunities increase. However, in the minutes right after the release, spreads can widen, so always wait for the normal spread before taking a position.

Always check the U.S. indicators/events schedule in advance. Knowing when opportunities will arise helps you accumulate profits efficiently.

Also, absolutely avoid positioning immediately before U.S. indicators/events. If the market moves against you, you can’t help it. You could be stopped out in an instant. Careless mistakes are unacceptable, absolutely.

U.S. indicators/events schedules can be checked on the websites of each brokerage or FX vendor.

Of course there are many other points besides the three above, but I’ve talked about the minimum points to keep in mind when scalping USD/JPY.

Also..

In fact, I’m openly sharing one of my trading methods, the “15-minute scalping,” completely free. I hope it can be of some help (completely free, by the way).

⇒Scalping Method Explanation Book “15-Minute Scalping”

Additionally, on the following page I also publish my main trading method, the “1-minute scalping,” so if you’re interested, please check it out. (Sorry… this one is paid.)

If you’re aiming even higher, please consider it.

⇒“1-Minute Scalping” Using Tick Charts