Scalp Trading – DAX 1 minute price action – bull and bear traps on the open

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Scalp Trading – DAX 1 minute price action – trading bull and bear traps on the open

The open on the DAX usually produces some good trades on the quick timeframes like the 1 minute and 5 minute timeframes.

Today we look at several scalp trades in and around the pre-market trading range.

In our trades on this market we are looking for a 10 point reward with a risk of just less than that, this produces a positive traders equation and means that we can be confident over time of making a profit.

Anthony guides you through the trading opportunities produced within the first hour of trading.

We discuss how to use support and resistance levels, the 8 and 20 EMA and price action to identify some high probability trades.

Today there are some excellent bull and bear traps that we look for in order to take advantage of double pressure in the markets.

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