[6/9] Tonight's USD/JPY scalping points & methods released for free

This is Tomizaki from Trading Office.

[6/9 Dollar-Yen Scalping Points]

Thank you for your hard work! Alright, let's do some USD/JPY scalping tonight as well!

First, here is today’s Tokyo time overview.

Currently, the USD/JPY is around 160.20. This morning it started near 160.10, and during Tokyo time the yen selling was somewhat dominant, but as always the moves are limited.

Finance Minister Katayama said, “the stance to take firm measures remains unchanged,” which is a warning against further yen weakness, but the market has shown no reaction. More than that, it seems the mood is to wait and see ahead of tomorrow’s U.S. Consumer Price Index release.Could it move a little more, please?

The USD/JPY is likely to hand over to overseas trading roughly at the morning levels.

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

● Movements around the 16:00 London market open

● Movements after the 21:30 U.S. Trade Balance release

● Movements around the 22:00 New York market open (Dow opens at 22:30)

● Movements after the 23:00 U.S. Existing Home Sales release

・Be wary of headlines related to U.S.-Iran matters

・Be wary of headlines related to BOJ forex intervention

Tonight’s “1-minute chart scalping” focuses on movements around each market open. It’s not highly watched, but the moves after the 21:30 “U.S. Trade Balance” and the 23:00 “U.S. Existing Home Sales” releases could be the targets. For users of the “1-minute scalping club,” follow the theory and you’ll be fine.

Also, the “15-minute scalping” for short positions is in a wait-and-see mood ahead of tomorrow’s U.S. CPI release, so it’s not a situation to force positions. Tonight, I’d like to focus on the safe route of “1-minute scalping.”

Now, the overseas session is about to start!

Scalping tends to seem like there are many 24-hour opportunities because the profit per trade is small, but that’s not the case. By targeting periods with relatively high volatility, you can significantly reduce the difficulty of trading.

The timeframes I target are around the London market open and around the New York market open.

・London market open time (16:00 New York Time in U.S. daylight saving / 17:00 in U.S. standard time)

・New York market open time (22:00 U.S. daylight saving / 23:00 in standard time)

Even immediately after U.S. data/events releases, volatility increases and opportunities are plentiful. However, in the first few minutes after the release, spreads can widen, so always enter only after returning to normal spreads—this is essential.

Please check the U.S. indicators/events schedule in advance with broker or FX provider websites. Knowing when opportunities will arise helps you accumulate profits efficiently.

Also, absolutely avoid positioning right before U.S. indicators/events. If you go against the release, you can’t even be saved. It can take you to your stop-loss instantly. Carelessness is not acceptable, absolutely not.

U.S. indicators/events schedules can be checked on each brokerage or FX provider’s website.

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

Also...

Actually, one of my trading methods, “15-minute scalping,” is completely free to access. I hope it will be of some help. (Completely free, you know.)

⇒Scalping Method Guidebook “15-Minute Scalping”

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

If you’re aiming higher, please consider it.

⇒“1-Minute Scalping” using Tick Chart