【5/12】Tonight's USD/JPY scalping points & methods free公開中
This is Tomizaki from Trading Office.
[5/12 USDJPY Scalping Points]
Thank you for your hard work! Alright, let's do USDJPY scalping again tonight!
First, from today's Tokyo time overview.
Currently USDJPY is around 157.70. This morning it started around 157.15, but during Tokyo time, due to uncertainty over the Gulf of Hormuz reopen, the trend has been dollar-buying and yen-selling against the backdrop of higher crude oil prices.
Also, following the meeting between Finance Minister Katayama and U.S. Deputy Secretary of the Treasury Brent, the market seems to be further dollar-buying and yen-selling. The Asia session high for today is being updated. From the morning levels, it has risen about 55 pips and is likely to hand over to the overseas session.
Attention is also needed for the meeting between Prime Minister Takashi and U.S. Deputy Secretary of the Treasury Brent scheduled around 16:00 Japan time.
Now, the points for tonight's USDJPY scalping.
● Movements near the London market open
● Movements after the U.S. CPI release at 21:30
● Movements near the New York market open (Dow opens at 22:30)
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Other notes…
・Be mindful of the meeting between Prime Minister Takashi and U.S. Deputy Secretary of the Treasury (around 16:00)
・Be mindful of headlines related to U.S.-Iran tensions
・Be mindful of headlines related to BoJ currency intervention
—–
Tonight’s “1-minute chart scalping” will target movements around each market open plus the movement after the 21:30 U.S. CPI release. For users of the “1-minute scalping club,” handling as per theory should be fine. Also, be mindful of the meeting between Prime Minister Takashi and U.S. Deputy Secretary of the Treasury near the London market open.
Also, for the fractional-time “15-minute scalping” which is short-term, given the uncertainty over the Gulf of Hormuz reopen and the meeting between Finance Minister Katayama and the U.S. Deputy Secretary of the Treasury, the market is reacting with dollar-buying and yen-selling, so there is no need to push positions aggressively. Tonight, I plan to focus securely on “1-minute scalping.”
Now, the overseas session is about to start!
Because scalping aims for small profit margins, one might think there are 24-hour opportunities, but that is not the case. By targeting periods with relatively higher volatility, you can significantly reduce the difficulty of trading.
The time periods I target are near the London market open and near the New York market open.
・London market open time (16:00 during US daylight saving time / 17:00 during US standard time)
・New York market open time (22:00 during US daylight saving time / 23:00 during US standard time)
Volatility increases and opportunities arise immediately after U.S. indicators/events are released. However, in the first few minutes after the release, the spread may widen, so the rule is to enter only after the spread returns to normal.
Please always check the U.S. indicators/events schedule in advance on the websites of each broker/FX provider. Knowing when opportunities come allows you to build profits efficiently.
Also, absolutely avoid positioning immediately before U.S. indicators/events. If you go against the trend, you can’t see a good result. You can be taken to the stop-loss level in an instant. Careless mistakes are not acceptable, absolutely.
The U.S. indicators/events schedule can be checked on each broker's/FX provider's website.
Of course there are other points besides the three above, but I’ve explained the minimum points you should hold when scalping USDJPY.
Also…
Actually, one of my trading methods, “15-minute scalping,” is fully free to public. I hope it can be of some help. (Completely free.)
⇒Scalping Method Explanation Book “15-Minute Scalping”
Also, on the following page I have published my main trading method, “1-minute scalping.” If you are interested, please check it out. (Sorry… this one is paid though…)
If you aim higher, please consider it.
⇒“1-minute scalping” using tick charts
