Would you place a trade in the early hours on FTSE, when volume is almost non-existent? The chance of big gaps overnight i.e between 9pm & 7am is fairly slim these days...there's only been a handful of 40 point gaps this year and even when there is, there's usually an attempt to close the gap shortly after the 8am open (which usually fails!)
Most days I have limit orders in the Asian session for FTSE.
Currently today short 5885 and long 5795.
Lot of the times never get hit, but look to close the gap in the first hour if they get filled.
Will decide where to take a loss in the first 15mins of FTSE open.
Mainly work on for AUD and ASX trades in the Asian and Aussie session.