[June 17] Tonight's USD/JPY scalping points and methods free公開中

Tomozaki from Trading Office here.

[June 17 Dollar/Yen Scalping Points]

Thanks for your hard work! Alright, let's do the Dollar/Yen scalping again tonight!

First, today's Tokyo session overview.

Currently, USD/JPY is around 160.30. This morning it started near 160.40, but during the Tokyo session there was a cautious mood as this was the first FOMC under the new Fed Chair Powell, so participants are holding back.

It seems there could be some mild corrective selling developing.

USD/JPY is likely to hand over to the overseas session at roughly the same levels as in the morning.

Now, the points for tonight's USD/JPY scalping.

● Movements around the London market open around 16:00

● Movements after the US Retail Sales release at 21:30

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

● Movements after the US Existing Home Sales Pending Release at 23:00

● Movements after the US FOMC policy rate and statement release at 27:00

● Movements after the US Powell press conference at 27:30

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Other notes ..

・Be mindful of headlines related to US-Iran

・Be mindful of headlines related to Bank of Japan intervention

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Tonight's "1-minute chart scalping" will target moves around each market open plus the 21:30 US Retail Sales, 23:00 US Existing Home Sales Pending, 27:00 US FOMC rate & statement release, and 27:30 US Powell press conference. For users of the "1-Minute Scalping Club," handling as per theory should be fine. Since the US FOMC event is late at night, I’ll stay up and push through.

Also, the short-only "15-minute chart scalping" could see position adjustments ahead of the FOMC, so it might be worth aiming for if the setup occurs around the 160 mid level. Since pullbacks can also bring buying opportunities, think of rotating positions in small steps.

Now the overseas session will begin shortly!

Because scalping targets small profit margins, it is a common misconception that there are 24-hour opportunities. Not so. By aiming for times with relatively high volatility, you can dramatically lower the difficulty of trading.

The times I target are around the London Market Open and around the New York Market Open.

・London Open time (16:00 during US daylight time / 17:00 during US standard time)

・New York Open time (22:00 during US daylight time / 23:00 during US standard time)

Data releases and events can increase volatility and create opportunities right after, but in the first few minutes after release the spread may widen, so the rule is to enter only after the spread returns to normal.

Always check the US data and event schedule in advance. Knowing when opportunities may arise helps you accumulate profits efficiently.

Also, absolutely avoid positioning right before US data or events. If you go against it, you’ll be blown away in an instant. Careless mistakes are unacceptable, absolutely.

US data and event schedules can be checked on the websites of brokerages and FX firms.

Of course there are many other points, but this covers the minimum essentials to keep in mind when scalping the USD/JPY.

Also ..

Actually .. one of my trading methods, the "15-minute scalping," is completely free and openly published. I hope it can be of some help. (Completely free, you know.)

⇒Scalping Method Guide "15-Minute Scalping"

Also, on the following page I have released my main trading method, "1-Minute Scalping." If you're interested, please take a look. (Sorry, this one is paid.)

If you aim higher, please consider it.

⇒“1-Minute Scalping” using Tick Charts