[RT] Best Time of Day for Trading?

["Steve Roberts" <steve80866@xxxxxxxxxxxx>]

Time for my weekend ponderings:  I've been working on a congestion breakout
technique that exits at a price objective, applying this to the 5 minute
e-mini and the Small Nasdaq.  I've been noticing that it often works much
better in the first 2 or 3 hours of the session.  Now, this may be wishful
thinking, since I'm a part time trader and spending a couple hours with the
market and then heading for the office appeals to me, but I wonder if there
is anything to this?

Can anyone shed any light on time of day trading?  When would it be most
likely, and when would it break down?

I expect it would break down when the market is quiet while waiting for
reports or Greenspan to speak.  Other thoughts on this?

Thanks,

Steve