【3/12】Tonight's USD/JPY scalping points and methods free公開中
This is Tomizaki from Trading Office.
【3/12 Dollar-Yen Scalping Points】
Good work everyone! Let’s go with the USD/JPY scalping again tonight!
First, a summary of Tokyo time for today.
Currently, the USD/JPY is around 158.95. The pair started this morning around 158.90, but during Tokyo time it continued the upward momentum from overnight, with dollar buying predominating.
Around 10 o’clock Japan time it rose to around 159.25 (today’s Asian high). The reason could be… continuous attacks on oil infrastructure in Iraq, Bahrain, and Oman, and the ongoing closure of the Hormuz Strait, which has pushed crude prices higher and encouraged safe-haven dollar buying.
From the Asian high, it pulled back a bit and is likely to hand over to overseas trading near the early morning levels. It might be good to keep in mind that it is approaching the prior USD/JPY rate check levels.
Now, the points for USD/JPY scalping tonight.
● Movements around the 16:00 London market open
● Movements after the 21:30 releases of US Initial Jobless Claims, US Trade Balance, US Housing Starts
● Movements around the 22:00 New York market open (Dow opens at 22:30)
—–
Other notes…
・Watch out for headlines related to Middle East tensions
・Watch out for headlines related to BoJ currency intervention
—–
Tonight’s “1-minute chart scalping” is likely to target moves around market opens plus after the 21:30 US data releases. For users of the “1-minute Scalping Club,” following the theory should be fine. Also, headlines related to Middle East tensions require caution today as well.
Additionally, the “15-minute scalping” aimed at short-term traders, which is focused on the Middle East concerns leading to safe-haven dollar buying, also presents opportunities, especially if you can find setups around the 159 yen level.
With that, overseas trading is about to start soon!
Because scalping targets small profit margins, it’s easy to think there are 24-hour chances, but that’s not the case. By targeting periods with relatively high volatility, you can significantly reduce the difficulty of trading.
The timeframes I target are around the London market open and around the New York market open.
・London market open times (UTC: during US daylight saving 16:00 / US standard time 17:00)
・New York market open times (UTC: during US daylight saving 22:00 / US standard time 23:00)
Volatility remains high and opportunities are plentiful right after US data releases as well. However, in the first few minutes after the release, spreads can widen, so the rule is to enter only after they return to the normal spread.
Always check the US data and event schedule in advance. Knowing when opportunities will arise helps you accumulate profits more efficiently.
Also, never position immediately before US data/events release. If you trade against the release, you can be wiped out in an instant. Careless mistakes are not acceptable.
The US data/event calendar can be checked on the websites of each brokerage or FX provider.
Of course there are many other points besides the three above, but I have explained the minimum points you should keep in mind when scalping the USD/JPY.
Also…
In fact, one of my trading methods, the “15-minute chart scalping,” is completely free to access. I hope it can be of some help (completely free).
⇒Scalping Method Explanation Book “15-Minute Chart Scalping”
Also, on the following page I have published 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 want to aim even higher, please consider it.
⇒“1-Minute Scalping” Using Tick Charts
