[4/30] Tonight's dollar-yen scalping points and methods freely published

Toreshingu Office Tomizaki here.

【4/30 Dollar/Yen Scalp Points】

Thank you for your hard work! Alright, let’s do dollar/yen scalping again tonight!

First, overview of the Tokyo session today.

Currently, USD/JPY is around 160.65. This morning it started around 160.30, but during the Tokyo session the dollar strength seen in overseas hours last night has continued, and we are currently seeing a fresh year-to-date high as of now.

The cause includes concerns about a prolonged closure of the Strait of Hormuz, which is keeping crude oil prices high. Also, although the U.S. FOMC last night held rates, the statement was interpreted as hawkish, which may be another factor.

From the morning level, it looks like it will hop to overseas hours with about a 35-pip rise.

Now, the points for tonight’s USD/JPY scalping.

● Movements around the London market open at 16:00

● Movements after the U.S. initial jobless claims, personal income, and Q1 GDP releases at 21:30

● Movements around the New York market open (Dow opens at 22:30)

● Movements after the U.S. leading economic indicators release at 23:00

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Other notes…

・Be careful with headlines related to U.S.-Iran tensions

・Be careful with headlines related to BOJ currency intervention

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Tonight’s “1-minute chart scalping” will target moves near market openings plus the moves after 21:30 (U.S. initial jobless claims, personal income, and Q1 GDP) and after 23:00 (U.S. leading indicators). For users of the “1-minute scalping club,” following the theory should be fine.

Also, the short-only “15-minute scalping” remains in an environment where fear of a longer Hormuz closure leads to, again, “safe-haven dollar purchases,” with the USD/JPY setting fresh year-to-date highs, so there is no need to force positions. Tonight I plan to focus solidly on “1-minute scalping.”

Well, overseas time will start shortly!

Scalping tends to seem like there are constant 24-hour opportunities because the potential profit per trade is small, but that is not the case. By targeting periods with higher volatility, you can greatly reduce the difficulty of trading.

The time frames I’m targeting are 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)

Volatility remains high and opportunities abound right after U.S. data/events releases. However, in the minutes right after the release, spreads can widen, so the rule is to enter only after they revert to normal spreads.

Always check the U.S. data/event schedule in advance on broker or FX provider websites. Knowing when opportunities come allows you to accumulate profits efficiently.

Also, absolutely avoid positioning right before U.S. data/events. If you go against the trend, you’ll suffer. A slip to the stop-loss line can happen in an instant. Carelessness is not acceptable, absolutely not.

U.S. data/event schedules can be checked on the websites of each brokerage or FX provider.

Of course there are other points beyond the three above, but I’ve discussed the minimum points you should keep in mind when scalping the USD/JPY.

Also…

Actually, one of my trading methods, the “15-minute scalping,” is fully公開 (completely free to view). I hope it helps even a little. (Completely free, you know.)

⇒Scalping Method Guidebook “15-Minute Scalping”

Also, on the following page I have published my main trading method, the “1-minute 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 scalping” using tick charts