It's quite simple actually, the price @ midnight GMT is the BABY BLUE price/...I have asked Fat Tails how difficult it would be to create the BABY BLUE indicator, it should not be that difficult!
please see my SQUARE ROOT thread, ...i'will be changing the name of it as soon as I figure the way of changing the name of the thread ,...any ideas ?
but the MidPoint is calculated in between the times of the NY midnight EST and 7pm EST,..since 7pm EST is the midnight GMT in London , or 9pm in California till 4pm in California.
.....and again if the BABY BLUE is below that MidPoint it signals the BEAR (mathematically speaking)
and most likely today (Friday july 14th), will be the same day as yesterday ....choppier actually
Garbiyele, thanks a lot for the Squeeze Indicator. Your really helpful and sharing. Thanks for your Bilg Blue Line also. I need more studying on that one.
Thanks
Hector
The following user says Thank You to hector24 for this post:
BABY BLUE is truly the most simple tool you will find, and the most efficient!
just observe what the price is @ midnight GMT, midnight in London England that is!
I have only discovered this thread right now, so let me ask a few questions:
Midnight London time usually is the opening hour of the Tokyo Stock Exchange, because it is 9:00 AM TST. Why would this be an interesting time for instruments that are traded in the US and Europe? European Traders are sleeping and US traders are heading for a drink. Volume is pretty low. Why would I be interested in this, except for Asian box trades?
Midnight New York is even worse. The Asian markets have closed. European and US traders are sleeping. This is no market open but just a ghost time. Blue babies and green monsters wafting through the empty roads....
I don't understand this game nor its meaning. Can anyone explain this to me? Thank you.
From my experience on staying awake (I fall in the same Time Zone with Fat) once in a while during the Asia sessions, 6E is fairly active @ Tokyo, especially @ the opening hours (Tokyo Open is 1 hour after GMT midnight) and @ the closing hours when London is some minutes to open. I'm also wont (yes, I mean WONT) to believe that the Chinese sometimes trigger some activities on Instruments that are Euro-centric during the Asia sessions; I may be wrong. The Aussie (6A) too is usually active during the Asia sessions. The Asia sessions are not really completely "dead" when London and NY are sleeping, at least for Currencies.
My initial understanding is that BABY BLUE is computed using some SQUARE ROOT calculus to forecast a Market Price. This Market Price is consequently useful in determining the direction of the market @ London and NY sessions.
, the price @ midnight GMT is the BABY BLUE price/...I have asked Fat Tails how difficult it would be to create the BABY BLUE indicator, it should not be that difficult!
, or 9pm in California till 4pm in California.
