Retracement Levels and ProphetCharts

By -

A lot of you have been taking advantage of the ridiculously low price being offered to Slope of Hope readers for Retracement Levels. I want to emphasize that this offer is only on Slope. Indeed, the owner of Retracement Levels is very sensitive to the fact that the discount is so big, so it isn’t mentioned anywhere on his site or subscription page, although he says it’s OK for me to mention it here. (In case you missed the mention, it’s normally $1250 per month……….but you can chop off the “$1200 part” since you’re on Slope. In other words, it’s fifty bucks a month.) You can click here to get to the subscription page, and you must click the “SOH Offers” checkbox in order to get the 96% discount. Unless, of course, you’d rather pay full price. Please note you do not have to enter a coupon code; simply checking the checkbox will give you the cheap price.0204-offer

There are some videos posted about how to use the product now for those of you who have subscribed. (Below is just an image; clicking it won’t do anything):

0204-videos

My former company, Prophet, created ProphetCharts, and during my final days at the company, I asked that a feature be added to the product that permitted values from Retracement Levels to be entered directly into the charting system. For you ProphetCharts users out there, here’s where you find it:

0204-rlPCharts

The brings up a dialog box which allows you to enter the “go long” (in green) and “go short” (in red) levels. You don’t have to enter them all; in this example, I just entered what I considered the four most germane “short” levels:

0204-RLinPCharts

And, bang, they show up on the chart (as you can see, today’s bar definitely hit some resistance as it got close to the lowest line, although I don’t intend to get aggressive until 1760).

0204-Levels

Anyway, I thought you ProphetCharts folks who want the heads-up about this feature, since it makes Retracement Levels more useful. Plus I wanted to clarify the terms of the offer from Retracement Levels, since there was some confusion about it before.