[10/9] Points and methods for tonight's USD/JPY scalping, free公開中

This is Tomizaki from Trading Office.

【10/9 Dollar-Yen Scalp Points】

Good work today! Alright, let's get into the USD/JPY scalping again tonight!

First, from today’s Tokyo session overview.

Currently USD/JPY is around 158.20. This morning USD/JPY started around 157.80, and during Tokyo time there was about a 30-pip range up and down, but overall the rebound from last night’s New York session’s sharp drop was a buying move.

USD/JPY is likely to transfer to the overseas session with roughly a 40-pip rise from the morning level.

The sharp drop last night in New York was due to President Trump stating that “we will not attack Iran before the midterm elections” and that “we are conducting constructive talks with Iran.” It happened a little after 1 AM Japan time…

Well... please speak earlier... I was already stopped out from trading... that’s how it felt. Yes, we didn’t capture this drop.

Now, here are tonight’s USD/JPY scalping points (my personal notes).

● Movements around 16:00 London market open

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

● Movements after 23:00 release of the “University of Michigan Consumer Confidence Index”

—–

Other memos…

・Be cautious of jawboning from Japanese and US governments about yen weakness

・Headlines related to Middle East situation・Watch crude oil prices

—–

Tonight’s “1-minute chart scalping strategy” targets the moves around the London and New York market opens, and the moves after 23:00 “US Michigan Consumer Confidence Index” release. For users of the “1-minute Scalping Club,” proceeding as theory suggests should be fine. Tonight’s US indicators aren’t highly anticipated, so a calm market is also expected.

Also, if you’re aiming for shorts with the “15-minute Scalping Strategy,” wait for a bit of a pullback and look to sell around 158.50–60 or lower, then follow down. Be wary of yen-weakness warnings and potential week-end profit-taking selling.

Also, some recent news: Earlier, Mr. Gogojan kindly came to my office all the way to interview me about “scalping.” I’m grateful. I spoke a bit, so please take a look when you have a moment.

https://www.gogojungle.co.jp/finance/navi/articles/124690

Because scalping targets small profit margins, it might seem that there are 24-hour opportunities, but that is not the case. By targeting periods with higher volatility, you can significantly reduce the difficulty of trading.

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

・London market open time (in US daylight time 16:00– / US standard time 17:00–)

・New York market open time (in US daylight time 22:00– / US standard time 23:00–)

Immediately after US indicators or events are announced, volatility increases and opportunities abound. However, in the first few minutes after the announcement, spreads can widen, so it’s essential to wait until they return to normal spreads before entering a trade.

Always check the US indicators and event schedule in advance on your broker’s website or similar sources. Knowing when opportunities are likely to appear helps you accumulate profits efficiently.

Also, absolutely avoid positioning immediately before US indicators or events. If you go against the trend, you’ll be unable to react. It can wipe out your position in an instant. Carelessness is not allowed, absolutely not.

The US indicators and event schedules can be checked on each broker’s or FX provider’s website.

Of course, there are many other points beyond the three above, but I’ve talked about the essential points you should keep in mind when scalping USD/JPY.

Also...

In fact, I’m openly sharing one of my trading methods, the “15-minute chart scalping,” completely for free. I hope it helps a little. (Completely free, you know.)

⇒Scalping Method Explanation Book “15-Minute Chart Scalping”

Also, on the following page I’ve published my main trading method, the “1-minute chart scalping,” so if you’re interested, please check it out. (Sorry… this one is paid.)

If you’re aiming higher, please consider it.

⇒“1-Minute Scalping” Using Tick Charts