【6/5】Tonight's USD/JPY scalping points & methods free公開中 Translation note: The original contains Japanese text. A natural English rendering is: 【6/5】Tonight's USD/JPY scalping points & methods free公開中 However, the phrase "公開中" typically means "c
Tomozaki of Trading Office here.
[6/5 USD/JPY Scalp Points]
Good work today! Alright, let's tackle USD/JPY scalping again tonight!
First, from today’s Tokyo time overview.
Currently USD/JPY is around 159.90. This morning the pair started around 160.00, and during Tokyo time it remains in the high around the 160 level, but with the U.S. Non-Farm Payrolls data due tonight and the approaching weekend, there is somewhat of a dollar-selling adjustment tendency.
The most important thing tonight is, of course, 21:30 “U.S. Employment Situation” and the subsequent responses from the government and the Bank of Japan. As volume declines before the weekend, there is a possibility of a sharp move... I think... (shudder)
The USD/JPY is likely to hand over to overseas hours at roughly this morning’s level.
Now, the points for tonight’s USD/JPY scalping.
● Movement near the 16:00 London market open
● Movement after the 21:30 U.S. employment data release
● Movement near the 22:00 New York market open (Dow opens at 22:30)
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Other notes…
・Be mindful of headlines related to U.S.-Iran
・Be mindful of headlines related to BoJ currency intervention
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Tonight’s “1-minute chart scalping” will target moves around each market open plus the moves after the 21:30 U.S. employment data release. For users of the “1-Minute Scalping Club,” if you handle it according to the theory, there should be no problem.
Also, the “15-minute chart scalping,” which is shorts-only, continues to trend dollar-buying and yen-selling, and since it’s the weekend, there’s no need to force positions. Tonight I intend to focus safely on “1-minute scalping.”
Now, the overseas session is about to begin!
Because scalping targets small profit margins, it is often thought there are 24-hour opportunities, but that is not the case. By aiming for times with sufficiently high volatility, you can significantly lower the difficulty of trading.
The time frames I target are around the London market open and around the New York market open.
・London market open times (16:00 during U.S. daylight time / 17:00 during U.S. standard time)
・New York market open times (22:00 during U.S. daylight time / 23:00 during U.S. standard time)
There is high volatility and many opportunities immediately after U.S. indicators and events announcements as well. However, in the first few minutes after the release, spreads can widen, so always enter after it returns to normal spreads as a rule.
Please check the U.S. indicators and events schedule in advance on the websites of each securities or FX broker. By knowing when opportunities come, you can accumulate profits efficiently.
Also, absolutely avoid positions right before U.S. indicators or events. If you go against it, you’ll be in trouble in an instant. Careless mistakes are not acceptable, absolutely not.
The U.S. indicators and events schedule can be checked on each broker’s website or related pages.
Of course there are other points besides these three, but I’ve explained the minimum points you should press to scalp USD/JPY.
Also…
Actually, one of my trading methods, “15-minute chart scalping,” is completely freely published. I hope it can be of some help. (Completely free, you know.)
⇒Scalping method guidebook “15-Minute Scalping”
Also, on the following page I publish my main trading method, “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