I thought the Dow now opened at 4.30pm SA time? Does anyone here scalp the Dow index on a daily basis....if so what strategy is working best for you. I have found trading the fibs to be succesful as well the 1,2,3 reversal pattern along with break outs, all on the 5 min chart. I have found taking profits and losses quickly to be paramount to success....scalping is not always about banking a 150 point move but consistently banking 10 - 50 points net of comms.(Dow comms are 2 points each way)
Ninja, sorry my post read badly. DOW opens 16h30 our time but I only start worring about the futures at 14h30 our time(2 hours before). The rest is just noise (IMO) and can be very small volume pushing it either way. The last hour and 15 minutes before opening bell is best but I start slowly plotting about 2 hours before.