【6/3】Tonight's USD/JPY scalping points and methods free公開中
This is Tomizaki from Trading Office.
【6/3 USD/JPY scalping points】
Good work everyone! Let’s go ahead with USD/JPY scalping again tonight!
First, here is today's Tokyo session overview.
Currently USD/JPY is around 159.90. This morning it started near 159.85, but during the Tokyo session safe-haven buying in response to Middle East tensions pushed it back toward pre-intervention levels by the government and the BOJ’s dollar selling and yen buying interventions.
Around the key level near 160 yen, it has been bounced twice in New York last night and Tokyo today, but selling with 160 yen as a backdrop might be a bit risky. If you’re holding a position longer, buying from the mid-159s seems prudent, but if 160 yen is broken through in one move, the likelihood of sharp intervention increases significantly. Well, I’m a scalper, but I wouldn’t want to hold a long position above 160 yen even in scalping.
USD/JPY is likely to hand over to overseas time at around the morning levels.
Now, the points for tonight’s USD/JPY scalping.
● Movements around 16:00 London market open
● Movements after the 21:15 U.S. ADP Employment Report release
● Movements around the 22:00 New York market open (Dow opens at 22:30)
● Movements after the 23:00 U.S. ISM Non-Manufacturing PMI release
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Other notes…
・There will be a speech by BOJ Governor Ueda at 17:30
・During trades, there may be remarks by key figures (22:00 "Speech by a U.S. Federal Reserve official")
・Be cautious of headlines related to U.S.-Iran
・Be cautious of headlines related to BOJ FX intervention
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Tonight’s “1-minute foot scalping” will target moves around each market open, plus moves after 21:15 U.S. ADP Employment Report and 23:00 U.S. ISM Non-Manufacturing PMI releases. For users in the “1-Minute Scalping Club,” follow the theory and you should be fine. Also, there’s gentle expectation for 17:30 “BOJ Governor Ueda’s remarks” and 22:00 “Speech by a U.S. FRB official.”
Additionally, the “15-minute scalping” focused on shorts remains in a stalemate as USD/JPY is stuck between Middle East risk and intervention fears; it’s not a time to force positions. Tonight I’d rather focus on the safe route of “1-minute scalping.”
Now we’re about to begin overseas trading hours!
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 markedly reduce trading difficulty.
The time periods I focus on are around the London open and around the New York 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)
Volume tends to increase right after U.S. indicators/events, offering many opportunities. However, in the first few minutes after the release, spreads can widen, so the rule is to enter only after spreads return to normal levels.
Always check the U.S. indicators and events schedule in advance. Knowing the times when opportunities come allows you to efficiently accumulate profits.
Also, avoid positioning immediately before U.S. indicators/events releases. If you trade against the trend, you’ll be in trouble. It can wipe out your stop-loss in an instant. Carelessness is not acceptable, absolutely not.
U.S. indicators and events schedules can be checked on each broker’s or FX dealer’s website.
Of course there are many other points as well, but I’ve explained the minimum points to keep in mind when scalping USD/JPY.
Also…
Actually, one of my trading methods, the “15-minute scalping,” is completely open for free. I hope it helps a little (it’s completely free).
⇒Scalping Method Explanation Book “15-Minute Scalping”
Also, on the following page, I’ve published my main trading method, the “1-Minute Scalping,” so if you’re interested please check it out. (Sorry… this one is paid.)
If you aim higher, please consider it.
⇒“1-Minute Scalping” using Tick Charts