RE: Crypto Academy Week 15 - Homework Post for [@yohan2on]
Hi @josantos
Thanks for participating in the Steemit Crypto Academy
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Trading plan | Technical analysis | Screenshots & Presentation of the content | Trade management |
---|---|---|---|
1/3 | 0.5/2 | 1/3 | 0.5/2 |
Your article lacked a trading plan. The was no in-depth technical analysis done. You just got the homework task wrongly. You were required to practically demonstrate your understanding of Swing trading.
From my little finding, I discovered that before entering a trade in any direction, be sure that the trend of he 4 hours is the same as the 1 hour chart. If the trends are different, then do not enter a trade. But if the trend are the same then the trade is welcomed.
The 4-hour and 1 hour time frames are lower timeframes. In swing trading, these are majorly used for making trade entries. You have to get your major trend from a bigger timeframe and ensure that you follow that trend in the lower timeframe for high probability and profitable trades.
Homework task
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