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Scalping | LR Structure Intraday

Hi,

In this blog, I will mostly share past chart performance with LR structure (inspired by Mr. FxCoalFace). Main objective of this blog pick intraday scalping signal with LR structure. I am not saying it will be 100% successful. Its for my own research & understanding. If I made any mistake please do correct me.

All right, lets go..

Currently its early morning, Asian pairs are strong.  Below its AUDUSD chart.

Took this last trade on standard account. Done for this hour.

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Comments

  • Morning SfX

    All the best with your new thread  and I wish you well

    Looking forward to assisting etc as and when you need it

    Have a good April Trading

    Regards

    • Thank you F

  • EJ

    Check it out over the Asian session SFX

    I was not up at 4 30 am UK time but it was a nice sell then

    I joined to sell party around 6 00 am - so far its dropped 18 pips for me and bounces staying under 57 I would load up as sells again etc etc

    GL 

  • 3.png

    Current EURUSD Trade..too bad I miss profit...Lack of confidence...that where it might go? I was not sure..so closed early.

  • Looking forward to seeing your work. All the best

    Jim

    • Thank you Jim M.

  • Nice post SFX, great charts and looking forwards to reading more.

    Best Regards,

    Sir Gissa

    • Thank you Sir G..

      Also thank you for creating such place to discuss trading..even from a noob..:P

  • 4.png

    Quick exit for -2 pip loss. Currently its rising. Glad I am out. Time for lunch.

    • Hi SFX

      Your EU chart - did you sell from 8 00 am and London Open at say 1365/67 area ??

      If not - did you sell from say 62 to 64 price area ?

      As long as you sold by 61 - you could just stay with the fall 

      By selling at 1352 - you are 10 -14 pips too late - unfortunately - that was like in time 13 mins or so TOO Late

      With scalping on 1 min - and tick with LRs - you only want to enter at interim highs and lows - within 3 to 5 pips from tops and bottoms - using crossovers and time etc etc as well as PA 

      Speed is of essence

      I can see you lost minus 2 

      If you had sold at 66 or 67 - then your stop would have been 70 or 71 - and so if you had been wrong - max loss - 3 or 4 pips

      However - as it was right - then you would have made easily 10 -13 pips NET Profit

      I appreciate - its not easy and simple in hindsight - but its possible and I am sure you have seen MM or me do it a few times . We will never be 100% right - but anything over 60% and we are smiling - and anything over 70% is just cream on the cake - 

      GL and all the best

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