[7/8] Tonight's USD/JPY scalping points and techniques free公開中
This is Tomizaki from the Trading Office.
【7/8 USD/JPY Scalp Points】
Thank you for your hard work! Alright, let's do USD/JPY scalping again tonight!
First, the Tokyo time overview for today.
Currently, USD/JPY is around the 162.30 level. This morning it started around 162.05, but during Tokyo time the yen weakened and after 10:30 Japan time it climbed to around 162.45.
The main factors include: Governor Asada's remark that rate hikes may slow the economy, long-term bond yields hitting roughly a 29-year high, and expectations that further rate hikes may be delayed under the Koizumi administration’s policies... it’s only natural that the yen would weaken. Also, headlines re-emerging about tensions around the Hormuz Strait have appeared.
USD/JPY is expected to rise by about 25 pips from the morning level as we transition to overseas trading hours.
This evening, the US FOMC minutes will be released. The possibility of a rate hike is one of the market’s key focus points, so we will be watching how prices move after the release!
Now, the points for tonight's USD/JPY scalping.
● Movements around the London market open near 16:00
● Movements around the New York market open near 22:00 (Dow opens at 22:30)
● Movements after 27:00 following the release of the “US FOMC minutes”
—– Other notes ..
・Be cautious of headlines related to BoJ intervention and rate hikes
・Be cautious of headlines related to US rate hikes
—–
Tonight's “1-minute scalping” will target the moves around each market open plus the moves after 27:00 when the US FOMC minutes are released. For users of the “1-minute scalping club,” following the theory should be fine. Since the overall bias remains up, you can safely pick up spikes with small long entries as they begin to retrace. Also, since US FOMC is late at night, make an effort to stay awake for it.
Also, the “15-minute scalping” for short-only traders is in a sea of yen-weakening news, so there isn’t a situation to aggressively take positions. Tonight I’d rather focus on the reliable “1-minute scalping.”
Now, overseas trading will start shortly!
Scalping tends to seem like there are constant 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 dramatically decrease the difficulty of trading.
The timeframes I target are around the London market Open and around the New York market Open.
・London market open times (US daylight saving time 16:00～ / US standard time 17:00～)
・New York market open times (US daylight saving time 22:00～ / US standard time 23:00～)
After releases of US indicators/events, volatility rises and opportunities increase. However, in the few minutes right after the release, spreads can widen, so the rule is to enter only after it returns to normal spreads.
Always check the US indicators/events schedule in advance. Knowing when opportunities will arise helps you accumulate profits efficiently.
Additionally, absolutely avoid positioning just before US indicators/events. If you go against them, you won’t be able to recover. A careless mistake is unacceptable, absolutely not.
US indicators/events schedules can be checked on the websites of brokerage firms and FX brokers.
Of course, there are many other points as well, but I’ve talked about the minimum points you should keep in mind when scalping USD/JPY.
Also...
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