[1/22] Tonight's USD/JPY scalping points and methods free公開中
This is Tomizaki from the Trading Office.
【1/22 USD/JPY Scalping Points】
Good job everyone! Now, let’s do USD/JPY scalping again tonight!
First, the overview of Tokyo time today.
The USD/JPY is around 158.80. This morning it started around 158.25, but during Tokyo time there are concerns about worsening fiscal conditions due to Prime Minister Takaki’s tax cut proposal, and with expectations of the Bank of Japan keeping rates unchanged at tomorrow’s meeting, the yen is broadly under pressure.
Credit rating agency S&P has pointed out concerns about Japan’s deteriorating fiscal situation.
From the morning level, about 55 pips higher, it will likely pass to overseas time. We’re nearing the range for potential FX intervention warnings.
Now, here are tonight’s USD/JPY scalping points.
● Movements around the London market open near 17:00
● Movements after the release of U.S. initial jobless claims and U.S. Q3 GDP at 22:30
● Movements around the New York market open (Dow opens at 23:30)
● Movements after U.S. personal income at 24:00
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Other notes…
・Be mindful of comments threatening yen depreciation at the highest level and rate-check reports
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Tonight’s “1-minute chart scalping” will target the movements around each market open, in addition to movements after the 22:30 release of U.S. initial jobless claims and U.S. Q3 GDP, and after 24:00 the U.S. personal income release. For members of the “1-minute Scalping Club,” as long as you handle it according to theory, there is no problem.
Also, the “15-minute chart scalping,” which is a short-selling specialty, is in a yen-weakening trend due to Prime Minister Takashi’s tax cut proposal and expectations of the Bank of Japan keeping rates tomorrow, so today we won’t push too hard. I’d like to focus on the “1-minute scalping” tonight.
With that, we’ll soon begin in overseas time!
Scalping involves small target profits, so one might think there are 24-hour opportunities, but that’s not the case. By targeting periods with relatively high volatility, you can significantly lower the difficulty of trading.
The time periods I target are near the London market open and near the New York market open.
・London market open time (16:00– during US daylight saving time / 17:00– during US standard time)
・New York market open time (22:00– during US daylight saving time / 23:00– during US standard time)
Even immediately after U.S. data or events, volatility increases and there are more opportunities. However, in the minutes immediately after the release, spreads can widen, so you must wait for spreads to return to normal before initiating trades.
Please always check the U.S. data and events schedule in advance. Knowing when opportunities will arise helps you accumulate profits efficiently.
Also, absolutely avoid positioning right before the release of U.S. data or events. If you pick a direction wrong, you will be badly hit. You can be taken to the stop-loss level in an instant. Careless mistakes are unacceptable, absolutely.
U.S. data and event schedules can be checked on the websites of brokerage firms and FX brokers.
Of course, there are many other points besides the three above, but I’ve shared the minimum points you should keep in mind when scalping USD/JPY.
Also…
Actually, one of my trading methods, the “15-minute scalp,” is completely published for free. I hope it helps in a small way. (Completely free.)
⇒Scalping method guide “15-Minute Scalping”
Also, on the following page I have公開 my main trading method, the “1-minute scalping,” so if you’re interested please take a look. (Sorry… this one is paid.)
If you’re aiming higher, please consider it.
⇒“1-Minute Scalping” using tick charts
