Summary On Homework Task Week3-Season 4. @allbert: Trading with Contractile Diagonals.

This week 3 has been quite a surprise for me and a challenge for all of you. We decided to go a little off the beaten path and push the boundaries of our knowledge and your ability as students and future traders. Don't miss the results below

This time only a select number of 41 students joined under the tag #allbert-s4week3 and decided to take on this week's challenge which dealt with a very special and unique assignment.

The Class, which I titled: "Trading with Contractile Diagonals" deals in essence with a very simple to understand concept about this peculiar structure that can help us a lot in predicting the next price movement by breaking a compression pattern.

Contrary to what many think this strategy is not new, in fact, for English speakers perhaps it is known by the name Wedge. During this week you strived to deliver quality work that met the requirements of each of the questions, which were:

1- Define in your own words what a contractile diagonal is and why it is important to study it. Explain what happens in the market for this chart pattern to occur. (screenshot required / Bitcoin not allowed)

2- Give an example of a Contractile Diagonal that meets the criteria of operability and an example of a Contractile Diagonal that does NOT meet the criteria. (screenshot required / Bitcoin not allowed)

3- Through your Verified exchange account, perform one REAL buy operation (15 USD minimum), through the Contractile Diagonal method. Explain the process and demonstrate the results and graphical analysis through screenshots. Your purchase data must match your analysis data: such as cryptocurrency and entry price.

4- Through a DEMO account, perform one sell operation, through the Contractile Diagonal method. Explain the process and demonstrate the results and graphical analysis through screenshots. Bitcoin is not allowed.

5- Explain and develop why not all contractile diagonals are operative from a practical point of view. (screenshot required / Bitcoin not allowed)

I must say that the focus of this assignment was purely practical, and centered on working on market charts. It was hard work, requiring patience and time, but it paid off.

Results

Rating Content	Excellent	Good	Average	Under average	Invalid submission	Plagiarism
Statistics	4	16	21	0	0	0

_{Image Edited by me in Powerpoint}

_{Image Edited by me in Powerpoint}

General observations:

Let's start with the elephant in the room. Obviously the highlight of this week is the low homework participation compared to other weeks, and to all the time I've been a Crypto Academy Teacher.

If we compare numbers, this week we had 56 fewer submissions than last week, which is a phenomenon I attribute not to the difficulty of the content, since as you can see the concepts were one and the criteria were few. Rather this effect is due to the patience and discipline one must-have when going out hunting for these Diagonal Contractables.

I am the first to admit that it was not an easy assignment, but it was not difficult either, since with patience and dedicating time throughout week 41 of you managed to demonstrate that you can do it when you have the true desire to make things happen.

For this reason, not everyone did this research, but only the best ones. For this reason, it was to be expected that the level of work was also special.

As we can see in the second graph the average grade was 7.15. If we compare with the last week we see a little decrease of 0.05 in the average grade for the whole course.

On the other hand, if we consider the total student population, most of the grades were placed in AVERAGE. Which also means a small setback from last week.

These two indicators tell us that the level of this assignment was certainly out of the ordinary... yet I am proud as a teacher to see that everyone rose to the occasion.

In fact, out of the 41 students who submitted a post, 41 passed. This time there were no failures in my class, which to me means that despite the difficulties everyone understood the class.

On the other hand, the fact that the assignment was focused purely on the practical part allowed me to enjoy the privilege of not a single case of plagiarism. This is logical, since having to search day by day for a functional and fully operational contractive diagonal according to the class criteria dissipated any possibility of plagiarizing any content.

Also, as you can see, in the entire assignment there was only one definition question, the rest were practical and reasoning questions.

Still, again I remind you that Plagiarism of any kind will be severely dealt with within the Academy.

There were no cases of Invalid submission this week either. All posts were submitted on time and all participants complied with the rules dictated by the Crypto Academy. I can only say, let's keep improving in this area.

Regarding the assignment, I am happy to say that all the participants have solid knowledge about Contractile Diagonals. We can say that the biggest difficulties were concerning finding the development of a diagonal during the time given for the assignment.

In fact, I can say that during the first days of the week I received some negative comments from certain students about the short time they had to perform such a complex assignment. Others also blamed the bad timing of the market which was experiencing a small crash.

However as a teacher I stand my ground, the assignment was not difficult...it just required patience. Unfortunately, not everyone has that patience, which is valuable if we want to succeed as traders. As one of my professors used to say: Patience Pays off!

The fact that the market was falling actually did not have to be an impediment if we knew how to play our cards, because as we all know when the market is in a marked trend from time to time certain pullbacks or corrections are made ... these corrections those pullbacks were perfect to find Contractile Diagonals.

_{Image taken from Tradingview}

This structure found by me occurred on September 22 at AXS.

Finally, as I said last week, you know that presentation is something I place a lot of importance on, such as the condition of the screenshots you use and the overall presentation of the publication

For that reason, I want to emphasize again that the overall presentation of the publication plays an important role. The use of subtitles, centered text, justified text, the use of separators, colored text is a factor that will make your work stand out from others... on the other hand the mismanagement of them will detract from its value.

Remember that more than an Academy, Steemit is also a Social Network, so presentation is important to add value to everything we do.

Suggestions

I think I have little to add to this week. Each of the students who took on the challenge of this assignment is a hero to me. Even against doubt, against fear, against uncertainty they were all courageous, they pushed themselves and expanded their boundaries beyond what they thought possible.

I hope that no matter what your grade was you feel proud to have fought and won, because more important than a grade or a reward is to prove to yourself that you are capable of learning something new and doing something you didn't think you were capable of doing.

From the class point of view, I want to stress an important point where most got it wrong. It is actually a detail that is most overlooked.

In question 5 when I asked them about why some Contractile Diagonals were not operable, most just answered that it was because of the wavelength criteria, for example:

• 1- Wave 1 must be greater than wave 3.
• 2- Wave 3 must be larger than wave 5.
• 3- Wave 2 must be larger than wave 4.
• 4- The trace of the first diagonal must join points 1 - 3. As a general rule, point 5 should also coincide with this line, although there are cases where this pattern is not met.
• 5- The trace of the second diagonal must join the point 2 - 4.

However, if you are observant, this point was already covered in question 2. The real point of this question had to do with the risk/reward ratio.

Remember that in Contractile Diagonals we do not follow the traditional 1:1, 1:2, 1:3 radius, but rather it is the waves themselves that function as guides for stop loss and take profit. Therefore, what would happen if the structure of a wedge is such that the stop loss is much higher than the take profit possibility? A: The wedge is invalidated, as in this example:

_{Image taken from Tradingview}

What I like about this approach is that it teaches us to reason and understand the why of things. In fact, this approach serves us not only for Contractile Diagonals but for life in general.

In trading, as in life, we must be careful with risk management, and not just risk blindly. As Traders and as responsible people we cannot afford to take risks that are far above the possible profit we may receive, regardless of whether a wedge looks good.

We should always risk based on a probability of receiving a reward greater than the loss.

TOP GEAR 3

Finally, it is time to mention the Top 3 champions among champions. These three students really deserve to be here because of their dedication, their patience, and the quality of the results they had. Personally something I love is the fact that they are three totally new people who have not been chosen before in my class.

What this teaches us is that nothing is set in stone at Crypto Academy... and that the next one can be you.

TheTop Gear 3 of the week are:

• @kwadjobonsu
  https://www.steemit.com/hive-108451/@kwadjobonsu/trading-with-contractile-diagonals-crypto-academy-s4w3-homework-post-for-allbert

• @nangel
  https://www.steemit.com/hive-108451/@nangel/comercio-con-diagonales-contractiles-crypto-academy-s4w3-publicacion-de-tarea-para-el-profesor-allbert

• @nobby9b
  https://www.steemit.com/hive-108451/@nobby9b/trading-with-contractile-diagonals-crypto-academy-s4w3-homework-post-for-allbert

To those selected, congratulations and keep up the good performance. To the rest of you, don't give up, study, improve and keep trying. Next week your name could be right here.

I see you later my friends. Your Crypto Professor @allbert.

Cc:

@steemitblog

@steemcurator01

@steemcurator02