Alright guys, here's another method to put forward.
Been looking at the DJ and have noticed something interesting that others may have noticed before, but I just want to put it out here for comments and suggestions.
It seems that the DJ doesn't do much during the hours of 22:00GMT to 8:00GMT... ie, shortly after it closes until the time the European market opens the next day.
However, when the European market opens, there's a large movement on the Index and most of the time, it breaks out from the quiet period.
Attached chart of a typical DJ highlighting the period where not much happens.
How to trade this?
Draw a box around 22:00 - 8:00GMT with the horizontal lines bounding the period's highs and lows
Watch the next hour or two and see which way it breaks.
Trade in the direction of the break.
Stop Loss at the other end of the range.
An alternative way to take advantage of this.
About 5 minutes before the European markets opens, create two stop orders. One about 10pts higher than the highest in the last 5 minutes and one 10pts lower than the lowest low. Then wait for it to hit those levels and enter the trade.
So what do you think? Potential?