[1/13] Tonight's USD/JPY scalping points and methods now available for free
This is Tomizaki from Trading Office.
【1/13 USD/JPY Scalping Points】
Good work today! Now let's do USD/JPY scalping again tonight!
First, the Tokyo session overview for today.
Currently USD/JPY is around 158.70. This morning it started around 158.05, but during the Tokyo session the news of a dissolution of the House of Representatives rekindled the “Takaichi trade,” leading to a broad yen weakness.
Finance Minister Katayama reportedly told U.S. Treasury Secretary Yellen that there were scenes of unilateral yen weakness causing great concern, but there have been no remarks of yen weakness from the U.S. side, and it seems the yen weakness is accelerating.
From the morning level, it seems to be about 65 pips higher and will likely transition to overseas trading hours.
It’s hard to buy at this point, and it’s a bit tricky when there’s big movement in Tokyo… so perhaps wait until this yen weakness calms down.
Now, the points for tonight’s USD/JPY scalping.
● Movements around the London market open near 17:00
● Movements after the U.S. CPI release at 22:30
● Movements around the New York market open (Dow opens at 23:30)
● Movements after the U.S. new housing sales release at 24:00
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Other notes…
・Be careful of headlines related to yen weakness containment
・There are no yen weakness concerns from the U.S., but watch future headlines
—–
Tonight’s “1-minute chart scalping” will target moves around each market open, plus moves after the 22:30 CPI and 24:00 new housing sales releases. For users of the “1-minute scalping club,” handling according to theory should be fine.
Also, the “15-minute chart scalping,” which is a shorts-only approach, tends to tilt toward yen weakness due to the dissolution news, so today it’s best not to push it. Tonight I’d like to focus on “1-minute scalping.”
With that, overseas time will begin shortly!
Because scalping aims for small profit per trade, it is easy to think there are 24-hour opportunities, but that’s not the case. By targeting periods of relatively high volatility, you can significantly reduce 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 (during U.S. daylight saving time 16:00 / during U.S. standard time 17:00)
・New York market open time (during U.S. daylight saving time 22:00 / during U.S. standard time 23:00)
Volatility remains high and opportunities arise even immediately after U.S. indicators or events. However, in the first few minutes after the release, spreads can widen, so the rule is to wait for the normal spread before entering.
Always check the U.S. indicators and events schedule in advance on each brokerage or FX provider's website. Knowing the times when opportunities come allows you to accumulate profits efficiently.
Also, absolutely avoid positions right before U.S. indicators or events. If you go against the trend, you’ll be unable to look at your screen. You can be wiped out to your stop-loss in an instant. Careless mistakes are unacceptable, absolutely.
The U.S. indicators and events schedule can be checked on the websites of brokerages and FX providers.
Of course there are other points besides these three, but I’ve talked about the minimum points you should keep in mind when scalping USD/JPY.
Also…
Actually, one of my trading methods, “15-minute chart scalping,” is completely freely available. I hope it can be of some help. (Completely free.)
⇒Scalping Method Guidebook “15-Minute Scalping”
Also, on the following page, my main trading technique, “1-minute chart scalping,” is also published, 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 a tick chart
