I want to show you another trap that just happened today (at the time I’m writing this article) on the Dax. This time it’s a buyer trap.
Today I will explain a beautiful sellers trap from the DAX indice that I used to make my day in less than 30 minutes.
It was a “horizontal support broken becoming resistance” trap.
I will take the opportunity of a trade I took yesterday from the DAX cfd to explain some trading concepts that could be useful to you: the liquidity pools that are attracting the algorithms over and over again.
If you want to succeed in trading the markets, you have to understand what the market makers and big institutions are doing. Here is an example from the DAX indice today to show you how to think like a market maker.