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It can also apply to the US session, but since the Asian market will be closed by then, and the London session is just a couple of hours to call it a day, the volatility is questionable if there's no major US data coming out. It can still work but I've not really traded during that period as my Asian timezone don't allow me to. I would be sleeping by then.
Performance depends on your lot size, if you are speaking in terms of pips, there is a possibility of making at least 10 pips a day if you are disciplined. If your TP is too far away, SL could be hit 1 or two times a week. However, if you set your TP only 10-15 pips away, it is almost non-existence. I think the London session ignores the high and low formed during the Asian session. It usually breaks through their High Lows.
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