Steemit Crypto Academy | Summary On Homework Task Week 03 - Season 03
Crypto Academy Week 03 has come to an end and I am extremely happy to see the level of participation by students. As I mentioned earlier, season 03 has all the ingredients for all levels of students and it was an honor for me to teach the advanced course.
In 3rd week, a total of 55 students have completed their homework tasks and submitted for grading. I would like to appreciate all the students who put full effort in producing quality homework and tried to understand the course.
We have learned about the Break Retest Break Strategy and how to use it to trade continuation. I have tried to keep it very simple while explaining so you can get hold of the strategy and apply it in your real trading as well. Trade entry and exit criteria were discussed separately to make things more clear. Examples from the crypto assets were shared so students can know how it looks like in the real market.
The homework assignment was made of the following questions that need answers.
1 - What do you understand about the Concept of Break Retest Break Strategy? Give Chart Examples from Crypto Assets.
2 - Mark important levels on Crypto Charts to trade BRB strategy. Do it for Both Buy and Sell Scenarios.
3 - Explain Trade Entry and Exit Criteria for both Buy and Sell Positions on any Crypto Asset using any time frame of your choice (Screenshots Needed)
4 - Place 2 demo trades on crypto assets using BRB Strategy. You can use lower timeframe for these demo trades (Screenshots Needed)
Areas for Improvement
It was great to see that students understood the strategy and produced some great quality homework. I would like to mention few areas of improvement that were observed during the homework tasks checking.
The first point, I would like to mention is the lack of understanding about the strategy shown by many students. They did not have a clear understanding of the support and resistance levels although these are covered in previous seasons and very basic thing a trader must know. They simply did not know where to mark the support and resistance levels. If any student don't know exactly about this basic thing in trading, he should not be attempting advanced tasks.
I want to suggest everyone doing my task is to keep things simple and to the point. You are instructed to write 300 words, so make efforts to understand the strategy and work on producing quality charts instead of writing 1000 word article.
I have observed in the task of few students used mobile screen chart which makes them tough to understand. Whenever you are attempting to explain price action strategies that require labeling and markings, you should use desktop screen charts if possible. If you don't have desktop computer, then you should focus on making mobile charts very clear which can be done with a little efforts.
Few of the students have marked charts for first part of task correctly but they failed to provide good charts for Entry and Exit criteria. Some of the students were marking the entries early before the 2nd break happened.
Practical approach was missing in many of the tasks because students just marked the trades on the chart but did not place them in the market. You need to understand that placing the trades in the market is compulsory and you can do it on demo accounts of metatrader4 or you can also place trades with minimum amount in your real accounts as well. The purpose of giving this question was to make sure that students learned the strategy and are able to place trades in market. We are looking to mentor you to be good in the market, not just for the sake of homework.
Results Statistics
I am sharing the week 03 results statistics where 55 students completed the tasks and submitted for grading while 01 task was not graded because it was not posted in Crypto Academy community.
Homework Content Quality
I have categorized the grade marks to assign quality tags for homework tasks.
- Excellent - Above 9 to 10 marks tasks were graded as Excellent
- Good - Above 6.5 to 9 marks tasks were graded as Good
- Average - Above 5 to 6.5 marks tasks were graded as Average
- Below Average - Less than 5 marks tasks were graded as Below Average
The number of excellent tasks were 06 which acknoledges the hard effort put in by the students who understood the strategy and applied it effectively. The number of Good Tasks was 12 while average grades were given to 19 students who have also done a good job. The number of tasks graded below average were 18 and the reason was lack of clear understanding of the strategy.
Homework Content Quality
Steemit Crypto Academy gives special importance to the quality of content and we want students to make genuine efforts in completing their homework tasks. Content quality does not mean the text but you should focus on making great quality and clear charts that will show your understanding of the strategy.
The grade markings have to be done strict in advanced course tasks and only the perfect tasks will get the maximum marks. I am sharing the grade point score data given to students for week 03. The average score for this week task is 5.62
Top 03 Homework of the Week
Let me share the Top 03 tasks that were simply excellent and deserve to be among Top. This competitive environment is the beauty of Steemit Crypto academy and it keeps the students making hard efforts and continuously improve to achieve the Top mark.
Top 03 Homeworks are announced for week 03 that was held from 11 to 17 July 2021. I would like to say congratulations to all the participants for doing excellent work.
It was a great experience teaching in Crypto Academy and reading excellent quality articles. See you next week with another useful course that will add practical knowledge to your Crypto domain.
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Thank you so much professor
I'm getting addicted to trading because of you. Thank you for the lessons.
Once you start trading the right way, you will enjoy trading and won't look for other shortcuts.
Thank You Professor!
Your lectures and strategies you explained are very much informative and knowledgeable.
Good morning teacher, first of all thank you very much for the opportunity, I did my best and I will continue to do so, your methodology is excellent and your explanatory method exceptional, my best wishes for you. best regards.
Hello @cryptokraze, my homework task hasn't been graded. I'm sure I submitted it before the stipulated time. Please do check
https://steemit.com/hive-108451/@doppley/crypto-academy-season-3-week-3-homework-post-for-cryptocraze-advanced-course-break-retest-break-brb-strategy-to-trade