[Aug 18] Tonight's USD/JPY scalping points and methods free公開中

Tomizaki from Trading Office here.

【8/18 USD/JPY Scalping Points】

Thanks for your hard work! Now, let's do USD/JPY scalping again tonight!

First, from today’s Tokyo time overview.

Currently USD/JPY is around 159.50. This morning USD/JPY started around 159.35, and during Tokyo time it stayed range-bound with a slight tilt toward dollar buying as the session progressed.

With Middle East risks in focus, crude oil prices rose, creating a situation where dollar buying is easier amid tensions.

USD/JPY is likely to hand over to overseas time at roughly the same morning level.

We have returned to the end-July level when coordinated intervention between the US and Japan occurred… In the end, there hasn’t been follow-up intervention up to now, but 160 yen is a psychological threshold that cannot be ignored. If it’s capped here, the range may become likely…

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

● Movement around 16:00 London market open

● Movement after the 21:30 U.S. Housing Starts release

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

● Movement after the 23:00 U.S. Existing Home Sales Pending Release

—–

Other notes…

・Be cautious of headlines related to US-Japan coordinated intervention

・Be cautious of headlines related to Middle East tensions

—–

Tonight’s “1-minute chart scalping” will target moves around each market open, with relatively low attention, but the movements after 21:30 “U.S. Housing Starts” and 23:00 “U.S. Existing Home Sales Pending” may be the key targets. For users of the “1-minute scalp club,” handling according to theory should be fine. Also, remain wary of follow-up intervention as we approach the 160 yen level.

Additionally, the short-only “15-minute chart scalping” is not in a market where participants are aggressively buying on the upside; however, due to prolonged Middle East risk, it’s solid and not a situation to force positions. Tonight I plan to focus firmly on “1-minute scalping.”

Now, the overseas session will begin shortly!

Due to the small profit targets in scalping, one might think there are 24-hour opportunities, but that’s not the case. By targeting periods with relatively high volatility, you can dramatically reduce trading difficulty.

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

・London market open time (14:00- (US DST) / 15:00- (US standard time))

・New York market open time (22:00- (US DST) / 23:00- (US standard time))

Volatility remains high and opportunities arise right after major US data/events. However, in the minutes immediately after announcements the spread can widen, so the rule is to trade only after it returns to the normal spread.

Always check the US data/event schedule in advance. Knowing when opportunities come allows you to accumulate profits efficiently.

Also, positioning right before US data/events should be avoided at all costs. If you go against it, losses can be instant. Careless mistakes are unacceptable.

US data/event schedules can be checked on the websites of each securities/FX broker.

Of course, there are various other points as well, but I’ve discussed the essential points you should at least know when scalping USD/JPY.

Also…

Actually… one of my trading methods, “15-minute chart scalping,” is fully released for free. I hope it will be of some help. (Completely free.)

⇒Scalping Method Guide “15-Minute Scalping”

Also, on the following page, I have公開ed my main trading method, “1-minute scalping.” If you’re interested, please check it out. (Sorry… this is paid.)

If you aim even higher, please consider it.

⇒“1-Minute Scalping” Using Tick Charts