[3/31] Tonight's USD/JPY scalping points and methods available for free
This is Tomizaki from Trading Office.
【3/31 USD/JPY Scalping Points】
Thank you for your hard work! Now let's do USD/JPY scalping again tonight!
First, a summary of Tokyo time for today.
Currently, USD/JPY is around 159.60. This morning it started around 159.70, but during Tokyo time both dollar buying amid uncertainty in Middle East developments and yen buying due to BOJ intervention warnings have largely cycled through, leaving no clear direction around the mid-159s.
With President Trump’s remark that “we are ready to end military actions against Iran even if the Strait of Hormuz remains closed,” it doesn’t seem like buying higher will be the theme today. (We still need to watch Middle East headlines closely…)
It looks like the overseas session will hand over to the early morning level almost unchanged.
Now, the points for tonight’s USD/JPY scalping.
● Movements around the London market open around 16:00
● Movements around the New York market open around 22:00 (Dow opens at 22:30)
● Movements after the release of the U.S. Consumer Confidence Index and U.S. JOLTS Jobs data at 23:00
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Other notes…
・Be cautious of headlines related to Middle East developments
・Be cautious of headlines related to BOJ forex intervention
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Tonight’s “1-minute chart scalping” will target moves near market opens plus the moves after the 23:00 U.S. data releases. For users of the “1-minute chart scalping club,” handling according to theory should be fine. Also, there is growing expectation of U.S. military action ending, but headlines related to Middle East developments remain a risk tonight as well.
Also, the “15-minute chart scalping” which is focused on shorts will find it harder to buy higher on expectations of U.S. military action ending; it may be worth trying. The entry point is waiting for a bit of pullback, aiming to sell near the 160 yen level.
With that, overseas time is about to begin!
Because scalping targets small profit margins, it’s easy to 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 I target is around the London market open and around the New York market open.
・London market open time (16:00 US 夏時間 / 17:00 US 冬時間)
・New York market open time (22:00 US 夏時間 / 23:00 US 冬時間)
After U.S. data releases, volatility can rise and provide more opportunities. However, in the minutes immediately after the release, spreads can widen, so the rule is to enter only after they return to normal levels.
Always check the U.S. data event schedule in advance. Knowing when opportunities may arise helps you build profits more efficiently.
Also, avoid positioning immediately before U.S. data releases. If you go against the trend, it could be disastrous. You can quickly hit your stop loss. Careless mistakes are unacceptable, absolutely.
U.S. data and event schedules can be checked on the websites of each securities company or FX broker.
Of course there are other points as well, but I’ve shared the essential points to keep in mind when scalping USD/JPY.
Also…
Actually, one of my trading methods, “15-minute chart scalping,” is fully available for free. I hope it helps a little. (Completely free, you know.)
⇒Scalping Method Guidebook “15-Minute Chart Scalping”
Also, on the following page I have公開 my main trading method, the “1-minute chart scalping.” If you’re interested, please take a look. (Sorry… this one is paid.)
If you want to aim higher, please consider it.
⇒“1-minute Chart Scalping” Using Tick Charts