【1/30】Tonight's USD/JPY scalping points and techniques free公開中
Fujisaki from Trading Office here.
【1/30 USD/JPY Scalping Points】
Thank you for your hard work! Now, let's go with USD/JPY scalping again tonight!
First, the overview of Tokyo time for today.
Currently, USD/JPY is around 154.00. This morning the pair started around 153.00, but during Tokyo time the expectation of further U.S. rate cuts has diminished due to comments that President Trump reached a provisional agreement with the Republican Party to avoid a government shutdown, and strong speculation that the next Fed Chair may be dovish-leaning. This led to dollar buying pressure.
From the morning level, about 1 yen upward movement is expected as we transition to overseas trading hours. It’s the weekend, so I think 154 is likely to be a heavy level, but it doesn’t seem to have much downside ahead.
Also today at 19:00 the Ministry of Finance will disclose the latest currency intervention results, which could cause some price volatility, so be careful at this timing.
Now, the points for tonight's USD/JPY scalping.
● Movements around the London market open at 17:00
● Movements after the US Producer Price Index release at 22:30
● Movements around the New York market open (Dow opens at 23:30)
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Other notes..
・President Trump reaching a provisional agreement with the Democrats to avoid a shutdown
・At 19:00 today, the Ministry of Finance will disclose the latest currency intervention results
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Tonight’s “1-minute chart scalping” will target movements around each market open, plus the 22:30 US PPI release. For users of the “1-minute scalping club,” handling according to theory should be fine.
Also, the short-only “15-minute scalping” seems likely to favor the dollar given the anticipated provisional agreement to avoid the shutdown and the nomination of former Fed Governor Woosh (Warsh) as the next Fed Chair. Tonight I will focus on the “1-minute scalping” without overdoing it.
With that, overseas time will start shortly!
Scalping targets small profit margins, which might make it seem like there are 24-hour opportunities, but that is not the case. Targeting periods with higher volatility can significantly reduce trading difficulty.
The time periods I target are around the London market open and around the New York market open.
・London market open time (UTC: 16:00 in US daylight time / 17:00 in US standard time)
・New York market open time (UTC: 22:00 in US daylight time / 23:00 in US standard time)
Volatility increases and opportunities arise immediately after US data/events are released. However, in the minutes right after the release, spreads can widen, so the rule is to always enter after spreads return to normal levels.
Always check the US data and event schedule in advance. Understanding the timing when opportunities may appear helps you build profits efficiently.
Also, absolutely avoid positioning just before US data/events. If you position against it, you’ll be taken out almost instantly. Careless mistakes are not allowed, absolutely.
US data/event schedules can be checked on the websites of various brokers and FX providers.
Of course, there are other points as well, but I’ve covered the essential points to keep in mind when scalping USD/JPY.
Also...
Actually, one of my trading methods, “15-minute scalping,” is fully open to the public for free. I hope it is of some help (completely free).
⇒Scalping Method Guidebook “15-Minute Scalping”
Also, on the following page I publish my main trading method, “1-minute scalping,” 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