[5/19] Tonight's USD/JPY scalping points and techniques free公開中

This is Tomizaki from Trading Office.

【5/19 Dollar-Yen Scalp Points】

Thank you for your hard work! Alright, let's do some dollar-yen scalping again tonight!

First, overview of today’s Tokyo session.

Currently, the USD/JPY is around 159.05. This morning it started around 158.80, but in the Tokyo session, as the downward move in crude oil prices exhausted and the market somewhat rebounded, the dollar-buying has been the prevailing trend.

USD/JPY is showing nervous action near the psychological level of 159. It seems to be about a 25-pip rise from morning levels as it transitions to the overseas session.

With USD/JPY staying high, it’s hard to discern a clear direction. Volatility would be nice... The yen has been largely reversed from intervention-driven strength, but will there be further intervention? Interventions that go against fundamentals seem sadly ineffective...

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

● Movements around the London market open (near 16:00 US time during DST / 17:00 during standard time)

● Movements around the New York market open (near 22:00 DST / 23:00 standard time) — Dow opens at 22:30

● Movements after the release of the U.S. existing home sales for pending

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Other notes…

・There are important remarks from officials during trades (e.g., 21:00 comments by Federal Reserve Governor Waller)

・Be cautious of headlines related to U.S.–Iran developments

・Be cautious of headlines related to BOJ currency intervention

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Tonight’s “1-minute scalping” will target moves around early market openings, and although it’s not highly watched, the move after the 21:30 release of U.S. existing home sales may be a focal point. For users of the “1-minute scalping club,” handling as per theory should be fine. Also, there may be some upside after the 21:00 WallerFRB speech.

Also, the “15-minute scalping” that focuses on shorts tends to face strong upward resistance from the 159 level, so it could be worth attempting. The entry point would be when you can sell near the 159 level.

With that, overseas trading is about to begin!

Scalping profits are small, so one might think there are 24-hour opportunities, but that’s not the case. By targeting periods with sufficiently high volatility, you can significantly reduce the difficulty of trading.

The time I target is near the London market open and near the New York market open.

・London market open time (during US daylight saving: 16:00 / during US standard time: 17:00)

・New York market open time (during US daylight saving: 22:00 / during US standard time: 23:00)

After the release of U.S. indicators/events, volatility tends to rise and opportunities increase. However, in the minutes immediately after the release, the spread can widen, so the rule is to trade only after it returns to normal spreads.

Always check the U.S. indicators/events schedule in advance. Knowing the windows when opportunities appear helps to systematically accumulate profits.

Also, positioning immediately before U.S. indicators/events should be avoided at all costs. If you go against the trend, it can be devastating. Do not make careless mistakes, absolutely.

U.S. indicators/events schedules can be checked on the websites of each brokerage/FX provider.

There are many other points besides the three above, but I’ve explained the essential points you should cover when scalping USD/JPY.

Also...

In fact, one of my trading methods, the “15-minute scalping”, is completely free to view. I hope it can be of some help (completely free).

⇒Scalping Method Guide “15-Minute Scalping”

Also, on the following page I also publish my main trading method, the “1-minute scalping,” so if you’re interested please take a look. (Sorry… this one is paid though.)

If you’re aiming even higher, please consider it.

⇒“1-Minute Scalping” Using Tick Charts