The mission of BullChart.com Inc. is simple: We want to bring you charts that can help make you money.

Our charts (and stock picks based on the charts) are produced by powerful software that continues to be refined on a regular basis. You will not find charts like these anywhere else. Scroll down to finish the rest of the tutorial.

The most basic feature to notice on our charts is the color coded trend indicators. Each day on the chart appears as either green or red. Green means that a bullish trend is in progress, red means that a bearish trend is in progress.

Each chart has green support lines and red resistance lines that show the NEAREST support and resistance levels. In the lower right corner of the chart you will find precise values for each support and resistance line.

In the lower left hand corner of each chart that has just changed trends, you will find a "Trade Alert" that will give you the exact, limit, price at which a new simulated trade will be opened on the next trading day. In the example below, a new trade will be opened if a price of $54.25 (or better) is hit on the next trading day. If the price is not hit, then no trade will be opened.

Trade Alerts are one of the most valuable features of our charts since they allow you to get in very early on a new trend and thus maximize your gains. It is VERY easy to duplicate the results of these simulated trades since limit prices are used which can be set before the market opens..

At the bottom of each chart, you will find the last 4 simulated trades that have occurred, including the currently open trade if there is one.

Each open trade has a target and stop loss price that is updated every day. The trade is closed when either one of these are hit, and the gain or loss recorded.

Trend percentages give you an easy way to see what the MAXIMUM gain was for any trend on the chart. In the example below, the decline that started in March reached a maximum of 10% in April. The rally that started in April reached a maximum of 23% in June.

These values can be very useful in quickly identifying the size of the moves for a particular stock.

The following example will demonstrate how all of the elements of the BullChart site are used by a "typical" user to find, execute, maintain and close a trade.

This may be TOO much information for some users - please feel free to skip this section!

When to look for a trade...
"Sally", a BullChart subscriber, is looking for a new stock to purchase for a swing trade on a Tuesday afternoon. The market has closed for the day and it is after 3:00pm on the Pacific coast so she knows that the BullChart web site and all of it's charts have been updated with Tuesday's closing prices. Just to make sure, she goes to the home page and verifies that the date (and the date on each chart) have Tuesday's date displayed.

How to find a new stock pick for a trade...
Next, she clicks on the "Picks" tab which lists all of the stocks that have had a change in trend direction on Tuesday. Each of these stocks has either gone from red (bearish) to green (bullish) or visa versa. Each of these charts will have a limited price listed at which a new simulated trade will be opened on Wednesday.

Placing the trade...
Sally has chosen "ABC" as her potential LONG trade ( i.e.. she wants it to go UP). ABC closed on Tuesday at $9.50. The trade alert in the lower left corner of the chart says "go long at $9.70 (Target: $10.20) (Stop Loss: $9.45) ". In other words, if ABC hits $9.70 (or lower) on Wednesday, then a new simulated trade will be opened that can be seen right on the chart.

Sally uses her broker to set a "limit buy " at $9.70 for ABC and then goes to bed.

Executing the trade...
On Wednesday, Sally wakes up to find that ABC is trading at $9.65, but she notes that the opening price for the day was $9.80 and sure enough she sees that her broker executed her limit buy order at a price of $9.70. She now owns ABC at a price of $9.70. Sally now brings up the chart of ABC and notes that the stop loss price listed for ABC is $9.45, she sets her stop loss to $9.45 and since her broker allows her to also set a target price, she sets her target price to $10.20 (which is also listed on the ABC chart).

Finishing the trade for a Profit...
On Thursday morning Sally notices that ABC is trading at 10.50 which is above the BullChart target price according to the simulated trade on the chart for ABC. Since she had already set her target price, the trade had been closed at a price of $10.20 for a gain of 5% on the trade.

If you are not already a member, you can get started immediately for a monthly price that is less than the commission costs on ONE TRADE.

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