Steemit Crypto Academy | Summary On Homework Task Week 06 - Season 03
Crypto Academy Week 06 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 6th week, a total of 64 students have submitted homework tasks for grading. All 64 tasks were complete before the deadline which was great to see as the numbers increased from previous lecture. I would like to appreciate all the students who put full effort into producing quality homework and tried to understand the course.
We have learned about the Trading Liquidity Levels the Right Way and how to use it effectively. 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. This strategy also involves the previous 2 strategies MSB to trade reversal and BRB to trade the continuation.
The homework assignment was made of the following questions that need answers.
1 - What is your understanding of the Liquidity Level. Give Examples (Clear Charts Needed)
2 - Explain the reasons why traders got trapped in Fakeouts. Provide at least 2 charts showing clear fakeout.
3 - How you can trade the Liquidity Levels the right way? Write the trade criteria for Liquidity Levels Trading (Clear Charts Needed)
4 - Draw Liquidity levels trade setups on 4 Crypto Assets (Clear Charts Needed)
Areas for Improvement
It was great to see that students have shown great improvements from the previous week and 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 most important area of improvement was the wrong perception of trading the liquidity levels with BRB setups. As I have explained in the previous lecture that BRB setups are used to trade the continuation but many students have marked BRB setups where the market is getting reversed. We should trade BRB if the liquidity level is broken and the trend continues.
Few of the students did not understand the fakeout concept and marked it at the wrong places. The typical fakeout means when price breaks the liquidity level with quick move and then come back to liquidity level quickly making a Pin bar or hammer candlestick pattern.
Few of the students did not understand the last question where I asked to mark the trade setup based on liquidity levels. They simply marked the liquidity levels and not marked the setup which was the key requirement of the question. Some of the students have not marked the trade entry and exit levels on the chart setups which shows lack of understanding of the strategy.
Results Statistics
I am sharing the week 06 results statistics where 64 students completed the tasks and submitted them for grading before the deadline.
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
I am very pleased to see that students have learned from the previous week and put some great efforts this week which resulted in significant improvement in Excellent and Good tasks. The number of excellent tasks were 11 which acknowledges the hard effort put in by the students who understood the strategy and applied it effectively. The number of Good Tasks were 35 while average grades were given to 13 students who have also done a good job. The number of tasks graded below average were 05 and the reason was a lack of clear understanding of the strategy.
Homework Tasks Grading Score
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.
I am sharing the grade point score data given to students for week 06. The average score for this week task is 7.61 which shows significant improvement in understanding and quality of homework tasks produced by students.
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 06 that was held from 01 to 07 August 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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Wow! Thank you for appreciating my work, Sir @cryptokraze.
This is very special moment for me to be among top 3. Thanks for appreciation Sir @cryptokraze.
Gracias profesor, me encantó su curso y me alegro haber logrado una buena tarea para usted. Saludos!