[3/30] Tonight's USD/JPY scalping points and methods free公開中
This is Tomizaki from the Trading Office.
【3/30 USD/JPY Scalp Points】
Thanks for your hard work! Now, let's do USD/JPY scalping again tonight!
First, a summary of the Tokyo session today.
Currently, USD/JPY is around 159.70. This morning, it started around 160.10, but in the Tokyo session it rose to about 160.45 in the early part, then fell after Mr. Mimura’s comment warning of yen weakness. After 13:00 Japan time, it dropped to around 159.65 (today’s Asian low).
Given the uncertainty in Middle East affairs, dollar buying is likely, but once it enters the 160s range that previous FX intervention targeted, it also responds firmly to verbal interventions.
From the earlier levels, about a 40-pip drop would likely see the baton handed to the overseas session.
By the way, Mr. Mimura’s remarks were that “speculative activity is increasing not only in crude oil futures but also in the currency markets,” and “if this situation continues, decisive measures will be needed soon.”
Now, the points for tonight’s USD/JPY scalping.
● Movements around the 16:00 London market open
● Movements around the 22:00 New York market open (Dow opens at 22:30)
● Movements after the 23:30 remarks from Fed Chair Powell
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Other notes…
・Be careful of headlines related to Middle East affairs
・Be careful of headlines related to BoJ currency intervention
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Tonight’s “1-minute scalping” may have limited upside due to a lack of notable U.S. indicators or events, so the moves around each market open are likely to be the targets. For users of the “1-minute scalping club,” handling according to theory should be fine. Also, Powell will speak at 23:30 Japan time tonight, so be cautious.
Also, for the short-only “15-minute scalp,” the yen-weakness restraint from Mr. Mimura’s remarks could keep upside capped, and as the 160 level nears again, selling pressure may re-emerge, so it’s worth considering. The entry point would be to wait for a rebound and look to sell when around the 160 level.
Now, the overseas session will start shortly!
Scalping has the impression that profit targets are small and there are 24-hour opportunities, but that is not the case. By aiming for time periods with higher volatility, you can significantly reduce the difficulty of trading.
The time periods I target are around the London market open and around the New York market open.
・London market open time (16:00 in US daylight time / 17:00 in US standard time)
・New York market open time (22:00 in US daylight time / 23:00 in US standard time)
Even immediately after U.S. indicators or events, volatility remains high and opportunities abound. However, in the minutes immediately after the release, spreads can widen, so it is essential to wait for spreads to return to normal before entering.
Always check the U.S. indicators and events schedule in advance. Knowing when opportunities will come helps you build profits efficiently.
Also, please absolutely avoid positioning right before U.S. indicators and events. If you go against them, you’ll be unable to see straight. You can lose your entire stop-loss in an instant. Careless mistakes are not acceptable, absolutely not.
You can check the U.S. indicators and events schedule on each brokerage or FX provider’s website.
Of course there are 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, I have fully公開 one of my trading methods, the “15-minute scalp,” for free. I hope it helps a little. (Completely free, you know.)
⇒Scalping Method Guidebook: “15-Minute Scalping”
Also, on the following page, I have公開 my main trading method, the “1-minute scalp,” so if you’re interested, please check it out. (Sorry… this one is paid though…)
If you’re aiming even higher, please consider it.
⇒“1-minute scalping” using tick charts