[2/11] Tonight's USD/JPY scalping points and methods released for free
This is Tomizaki from Trading Office.
【2/11 USD/JPY Scalping Points】
Thank you for your hard work! Now let's do USD/JPY scalping again tonight!
First, from today’s Tokyo session overview.
Currently USD/JPY is around 153.30. This morning USD/JPY started around 154.30, but in the Tokyo session the recent rapid yen appreciation led to a rush to adjust short yen positions, causing a sharp decline.
Additionally, since last night’s release showed U.S. retail sales as flat and suggesting a slowdown in consumer spending toward year-end, expectations for additional Fed rate cuts have revived, and moves appeared to reflect narrowing interest rate differentials between Japan and the U.S.
From the morning level, it looks like it could drop about 1 yen by the time we move to overseas trading hours.
Now, the points for tonight’s USD/JPY scalping.
● Moves around the London market open near 17:00
● Moves after the U.S. Employment Situation release at 22:30
● Moves near the New York market open (Dow opens at 23:30)
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Other notes…
・Today, the delayed U.S. Employment Situation release occurred
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Tonight’s “1-minute chart scalping” will target moves around each market open in addition to the moves after the 22:30 U.S. employment data release. For users of the “1-minute chart scalping club,” handling according to the theory should be fine.
Also, the short-only “15-minute chart scalping” has a potential as the Fed’s additional rate-cut expectations revived in response to the latest U.S. retail sales data, with moves reflecting narrowing U.S.-Japan rate differentials. If the price retraces a bit and can be sold in the late 153s, we will enter.
Now, the overseas session will begin soon!
Because the profit target width in scalping is small, it may seem like there are opportunities around 24 hours a day, but that is not the case. By targeting periods with higher volatility, you can drastically 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 (UTC summer time 16:00 / UTC winter time 17:00)
・New York market open time (UTC summer time 22:00 / UTC winter time 23:00)
There is high volatility and many opportunities immediately after U.S. indicators and events are released. However, in the few minutes right after the release, spreads can widen, so the rule is to always enter after spreads return to normal levels.
Always check the U.S. indicators and events schedule in advance. Knowing the times when opportunities will come allows you to accumulate profits efficiently.
Also, avoid positioning immediately before U.S. indicators/events. If you go against the trend, it can be disastrous. You can be taken to the stop-loss in an instant. Careless mistakes are not allowed, absolutely.
U.S. indicators/events schedules can be checked on the websites of each securities/FX broker.
Of course, there are many other points besides the three above, but I’ve explained the essential points to keep in mind when scalping USD/JPY.
Also…
Actually… one of my trading methods, “15-minute chart scalping,” is fully released for free. I hope it may be a bit helpful. (Completely free.)
⇒Scalping method guide “15-minute Chart Scalping”
In addition, on the following page I also publish my main trading method, the “1-minute chart 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 chart scalping” using tick charts
