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.
DAX Midday-Trend is an automatic trend trading algorithm developped for the DAX on prorealtime
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.