Time and Chart Essay Example for Free

Time and Chart Essay Note: Thanks to Alan Profitt, a member of MHT, for providing the text for this paper. FSC offers PVT and MFI indicators along with a beautiful chart to help you in MHT. SAY AGAIN? Freestockcharts. com (FSC) by Worden offers, not only a beautiful chart with very good indicators (almost more than you can comprehend), but it really is free. In the Morning Hours Trading (MHT) chat room you will hear many refer to an indicator only on FSC. It is Price Volume Trend (PVT). Money Flow Index (MFI) is a more common indicator available on many other sites. This discussion is to help you set up FSC and become familiar with how to use PVT and MFI. After logging in to Freestockcharts. com, you will see a very nice chart. Something like this. Please note the arrow pointing to â€Å"settings† (#1). By clicking on it, you can change plot styles, color, etc. I have set candlesticks red and green. Many other options are available for whatever your desires. The arrow pointing to â€Å"Price History† (#2) allows you to adjust the price presentation on the chart. Just above the stock symbol and â€Å"Add Indicator† (#3) buttons is a button called â€Å"Draw† (#4). By clicking on it you can add many favorite trader activities such as Fibonacci lines, pivot points etc. to the main chart. You will notice the yellow horizontal line (#5) on the chart which is yesterday’s closing price. Just to the left of â€Å"settings†, on the same line you will see a small down arrow which you can click to change time frame of the chart, i. e. , 1 min 5 min etc. (#6). On the same line again left of the time frame selector is the â€Å"Add Indicator† button (#7). Here is where you add what I feel is the best part of FSC. You will find Price Volume Trend listed alphabetically on the drop down list. Clicking on it adds the new chart as shown below with MFI added. On this chart you will see that it is the yellow line. (To change colors click on the words â€Å"Price Volume Trend† within the chart, â€Å"Edit†, and change the plot color. ) Also, as you see above, you can add the â€Å"Money Flow Index† by again clicking on PVT and instead of editing go to â€Å"Add Indicator†, scroll down to MFI. The purpose of adding the MFI to the PVT chart is to get the top green and bottom red lines. The numbers to the far right don’t mean anything for our purposes here. You can change them to generally go from 0 -100 by repeatedly clicking on the carrot symbol on the bottom outside of the numbers (#9). In the background on this chart, notice faint white lines. These are important because they indicate when the time has come to execute the trade. We are not talking about the brighter white line just above times. The very bottom time line is adjusted by the slider (#10). Most of the time I have seven hours set. The best part of the PVT, MFI chart is, what I feel is the quicker indication than RSI and MA crossing for signals when to buy or sell a stock. You absolutely need to verify with your other favorite indications for picking the time to execute a trade as discussed by Bob’s must read. Many in our chat room only use this though and you will hear a â€Å"PVT setup† referenced. At 2:45 on the above chart, youll see a PVT indication to buy as it touched the bottom faint white line (#11). Folks, that’s it! PVT hits the bottom buy, set your stops, target gain, etc. If you are trending when it hits the top, then sell or go short if you’re not in already. Ive provided a second example below. This is from 11-16-09 at about 12:15. Ive added RSI with a tight setting of 7 and then added a moving average onto the RSI indicator. This creates a moving average of RSI and allows you to see cross over patterns. You can see the crossover pattern that occured with RSI at the same time that PVT touched the bottom white line, giving a confirmation signal. While this is not necessary, it is sometimes good to have several indicators confirming your decision to enter a trade. The next example is of a short trade. In the chart below (also taken from 11-16-09), you can see how PVT hits the top line and, at the same time, RSI makes a quick downward crossover of its moving average. Another great feature of FSC is the Watch lists. While it is a great feature, it is a little difficult to understand the setup. So, here it goes. The #12 indicates where you click to bring up various Watch Lists. You will see â€Å"All, Main, Scan, Component, etc. † Click on Component, and most of us use either S P 500 Component Stocks or Russell 2 or3000 component stocks. THESE ARE THE ONES YOU USE ON YOUR OWN TO PICK GAP UPS OR DOWNS AFTER BOB’S PICKS. Needless to say you will get MANY stocks and to eliminate penny stocks you might want to use a smaller population. Try them all out to find your own grazing area. In order to sort your list, click on â€Å"add column†. Shown here in orange (#13). All you want to use is â€Å"Symbol and Todays %†. You can delete anything else that’s default. Edit the symbol icon by clicking on it and change the column width to 60 if it’s not already there (#14). Todays % shows as â€Å"% Change†. Click on it and change column width to 50 colors your choice and decimal places 2. Once the above is done you have, just to the right of sort, in orange, and % Change, a blue up or down arrow with accompanying green stairs just before â€Å"Asc or Desc†. By clicking on this you change the order of the lists in your Portfolio to see the gap up or down. The right arrow above shows a small grey border which has two small hash marks in the middle. By grabbing the hash marks you can slide your portfolio column vertically (#15). Why is this important? Because this is the place you want to enter Bob’s Gap stocks. Click on â€Å"Create Portfolio† and enter the name you want to call Bob’s list. I have named mine MHT; others call it Bob’s list. (I also have my own individual portfolio. ) Here is where you add Bob’s gap up and down picks he announces at 8:15. You can put both on one list and use the Asc/Desc, or by clicking on the % Change next to â€Å"Symbol†, to get the gap ups or down. Throughout the morning, I constantly review this list for PVT setups, as well as listen for Bob’s picks. The third and bottom section of this left hand column is for current news for the stock you have picked on the main chart. Another great feature so that you don’t have to leave to find out any breaking news on other programs. The height can also be adjusted by using the hash marks in the little grey border, to minimize or expand. The use of PVT is a great addition to anyone’s trading repertory, but it does have two limitations. First, it could lag behind on thinly traded stocks because it gets data from only the BATS Exchange. It does not use all the exchanges. This normally presents little or no problems on stocks with over 500,000 shares traded daily. Secondly, when you change the time frame from 1 min to 5 or 15 min etc, you need to be aware that the time frame goes from hourly to daily or monthly. Great for investors and those wishing to view history, but of limited value to day traders I think. Due to FSC only using the BATTS exchange, if only offers indications during normal trading hours. No pre or post market. Once youve created your portfolio of stocks (your watch list), you can click on the stock and it will populate your chart. You can also press the space bar to access each symbols chart. After youve created your ideal layout, youll want to go the File menu in order to save and name your chart (# 16). You can also learn to create your own scans and set up audible alerts by using the Help menu. This presentation is strictly to demonstrate how to set up Free Stock Charts so that you can trade in Morning Hour Trading and be on the same page as most others. Please read Bob’s other must read sections to become successful in our group. His advice on how and when to make trades is invaluable.

Legal Prostitution :: essays research papers

Prostitution has long been considered as illegal. But is it necessary to do so? It is said that prostitution causes inconvenience and troubles to general public. However, the act that considers prostitution as illegal causes inconvenience and troubles to prostitutes either. Does general public has the right to live without prostitution nearby, which will prevent prostitutes from making money with their 'resources', or do prostitutes have the right to make money with their 'resources', which will prevent general public from living in 'an more enjoyable' environment? This is obviously a conflict of interest. The right should be granted to the side with more social benefits. For example, if legal prostitution brings the social, says, $100 and at the same time causes $50 harms to general public, the right should be granted to prostitutes. One may argue that it is very difficult to determine which side brings larger social benefits. But under some situations, we can easily determine it. If prostitutions are located in some low-population-density areas, the harms or inconvenience caused by prostitutions will be smaller. But some may argue that although the inconvenience is smaller, people still suffer. If satisfactory compensations for people who suffer are availble, people are willing to suffer. The right to prostitute, or the right to stop prostitution should be granted to general public (or people who are affected by prostitutions) or prostitutes by the time the compensation system operates. However, it is very difficult to delimitate such right. What should be considered as prostitutions? If a female who provides a male with sex service for returns is said to be a prostitute, then is a wife who provide sex service for her husband for his love said to be a prostitute? Is having sex before marriage called as a prostutition? We can see that it is very 'costly' to delimitate such right.

Hamlet’s 4th Soliloquy Analyze

Hamlet’s 4th soliloquy analyze â€Å"To be or not to be† can arguably be Shakespeare’s most recognizable quote in all of his work. Hamlet attempts to reason with himself on whether or not death is the only solution to end all life suffering portrays him as both confused and cowardly. In this monologue, Hamlet goes into a tough debate over whether he should end his own suffering by commit suicide, or to step it up and revenge for his father. This solilguy also shows the reader on how Hamlet deals with stress and the lost of love one. In conclusion, he decided to live and fulfill his promise. Indication from this monologue exposed Hamlet’s flaws for lacking of action, being hesitant, and unable to settle his mind. This help lay the foundation of Hamlet’s characteristic and his reasons behind his actions in the later part of the play. Like many Shakespeare’s writing, it is up to the reader to decide on the characteristic of Hamlet. Many may view â€Å"to be or not to be† as Hamlet’s suicide attempt, however, it really portrays Hamlet as a stressed out young man that can not deal with his surrounding. Hamlet position himself between the two extremes with life and death by questioning himself on â€Å"†Whether 'tis nobler in the mind to suffer the slings and arrows of outrageous fortune or to take arms against a sea of troubles, And by opposing end them†. He asked himself if it is â€Å"nobler† to commit suicide, but quickly goes against his early statement by saying actions requires â€Å"arms against a sea of troubles†. This shows that Hamlet is puzzled with himself on whether he should end his â€Å"sea of troubles† by means of death, or to suffer through the pain of living. As Hamlet thinks towards death and ending all life stress, he quoted: â€Å"To die-to sleep, No more; and by a sleep to say we end The heart ache and the thousand natural shocks That flesh is heir to :’to consummation devoutly to be wished. To die, to sleep; To sleep, perchance to dream†. Hamlet wishes if he was dead, he will no longer have to suffer through his â€Å"heart-ache† and â€Å"thousand natural shocks†. The monologue continues as Hamlet debate on his decisions. Finally, Hamlet points out the reason why he choice to live instead of death. He choice to live because â€Å"the dread of something after death, The undiscover'd country from whose bourn No traveller returns, puzzles the will†. In other words, Hamlet unwilling to commit suicide is because he does not know what lies after death and it was against his religious believe. Ironically, through out the soliloquy, the reader can conclude from Hamlet’s sorrow and depression that he himself knows his weakness in thinking too much on his revenge and yet Hamlet does not react or even tries to. It has been weeks before Hamlet’s promises towards his father on revenge to kill Cladius, but once again, we see Hamlet is confused as ever. He then quotes: â€Å"Thus conscience does make cowards of us all; And thus the native hue of resolution Is sicklied o'er with the pale cast of thought, And enterprises of great pith and moment With this regard their currents turn awry, And lose the name of action†. This further fortifies the above statement for stating himself for being cowardly and did not take action when he had the chance. It seems that Hamlet needs to list out every possible outcome of his action before processing it. Hamlet is helpless of his own lack of confidence and this will lead to his ultimate doom. This important soliloquy exposed the flaws of Hamlet’s character and it shows Hamlet’s self conflict and his possible solutions in taking action. This is the main point of the play as it signifies a development in Hamlet’s thought and his readiness in finally starting to act. It also shows Hamlet’s approach on the question of life and death and how he compares both of them by over examine each and every possible outcome. This soliloquy also shows Hamlet’s puzzlement, lack of action and his overall cowardly behavior. We knows that Hamlet’s unwilling to commit suicide is because he wants revenge, but the more important question is whether revenge is truly keeping him alive, or that he is just too cowardly to face the mystery after death.

Survival Is The Key Struggle - 1295 Words

Survival is the key struggle in The Shawshank Redemption. This film takes place in the corrupt Shawshank State Penitentiary where mental and physical abuses inflicted upon prisoners are the hard realities of the system. For the prisoners of Shawshank, life is often bleak and violent. However, the will to survive is what keeps the characters motivated to retain their humanity and challenge the institutionalization of Shawshank. In particular, the film’s main protagonists, Andy Dufresne and Ellis â€Å"Red† Redding, exemplify the struggle for survival in the face of a corrupt, frightening, and oppressive prison system. In order to survive the harsh realities of the world, people adapt with personal traits like courage and resourcefulness in addition to forming community with other people. Without a doubt, courage is a crucial element for survival in The Shawshank Redemption because courage is the trait that the prisoners develop in order to overcome their fears in the prison setting. Of course, fear is the natural instinct people have when they enter the unknown. In any frightening situation, individuals, like Andy and his fellow new inmates when they first arrive at Shawshank, must succumb to fear or find the courage to persevere. At first, it might be difficult for people to find courage in frightening times, but many individuals still manage to find courage from sources like religious faith and hope. For example, religious faith is important for courage because faith can makeShow MoreRelatedThe Pianist Essay1130 Words   |  5 PagesPianist’ is a cinematic masterpiece by the Polish director Roman Polanski. One of the key ideas that appear throughout much of the film is that of ‘hope being instrumental in our survival’. This idea is portrayed th rough Wladyslaw Szpilman, a Polish pianist, as he struggles for survival in Warsaw as everybody that he once knew and everything that he once had is lost. 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