Summary On Homework Task Week1-Season 4. @allbert: Trading with Strong, Weak and Gap Levels

We are launching a new season and a new image. This new season has brought great surprises and great advances. I have had the opportunity to see how most of you have grown and started to master this Crypto world, always one step at a time.

On this occasion, a total of 97 students joined in under the tag #allbert-s4week71. As I always say: To of you, thank you for your trust and your support for my classes; I am flattered and honored.

The Class, which I titled: Trading with Strong, Weak, and Gap Levels, aimed to reinforce a little more the knowledge we have about supports and resistances and to add a new element: The Gap.

I know many had a hard time finding the gaps...in fact, they are a bit elusive. But to those who completed the task, I'm sure they learned a new tool to keep in mind in Trading.

Beyond the theoretical knowledge, I know that the most important thing was the knowledge regarding the operating and trading procedures in conjunction with the strong and gap levels.

As in other occasions, the assignment consisted of 5 tasks that had to be completed in their entirety to receive a grade.

1-Graphically, explain the difference between Weak and Strong Levels. (Screenshots required) Explain what happens in the market for these differences to occur.

2- Explain what a Gap is. (Required Screenshots) What happens in the market to cause It.

3- Explain the types of Gap (Screenshots required, it is not allowed to use the same images of the class).

4- Through a Demo account, perform the (buy/sell) through Strong Supports and resistances. Explain the procedure (Required Screenshots).

5- Through a Demo account, perform the (buy/sell) through Gaps levels. Explain the procedure (Required Screenshots).

Results

Rating Content	Excellent	Good	Average	Under average	Invalid submission	Plagiarism
Statistics	13	37	35	3	9	0

_{Image Edited by me in Powerpoint}

_{Image Edited by me in Powerpoint}

General observations:

As we can see in the second graph the average grade was 7.2. If we compare with the last week of last season we see an increase of 0.3 in the average grade for the whole course, this shows me that more and more people are getting used to my methodology.

On the other hand, if we consider the total student population, most of the grades were placed in GOOD, an improvement considering last time when most were placed in AVERAGE.

These two indicators only show me one thing: We are getting better folks!!!!! Every day we are getting wiser and more knowledgeable about Cryptocurrencies and Trading. But don't be confident, this season is just beginning and the real challenge will come later.

As a side note, I must comment that we received several invalid entries this week (9 in total), which include incomplete posts, outside the class parameters and outside the delivery schedule. But on the other hand, I am happy to report that we did not have any cases of plagiarism this week; mainly to the methodology, I chose for this class of asking questions that required purely practical and graphical answers.

Still, again I remind you that Plagiarism of any kind will be severely dealt with within the Academy. I also wish to bring to mention a new element: edits after the Deadline is completely forbidden, as well as the use of bid bot/vote-buying services if you want to qualify for a grade in the Academy.

Regarding the assignment, I am happy to say that the vast majority have solid knowledge about support and resistance, coupled with the knowledge of knowing how to differentiate when they are strong or weak levels. However, it is worth mentioning that a basic difference between the two levels is the number of pending orders and the volume of transactions. The higher the number... the stronger the level and the more price rejection.

We also clarified that supports are influenced by pending buy orders. Resistance is influenced by pending sell orders. The level of strength of these resistances and supports will depend on the amount of buy or sell orders and the volume in the market.

On the other hand, the concept of Gap was simple to understand but elusive to many. In fact here lies one of the complications of the assignment, since gaps as you could realize are not found everywhere, but in very special assets such as STEEM for example, and in certain timeframes.

Although the concept of Gap is simple there were certain people who were mistaken thinking that the candle wick did not matter. To them goes this clarification.

_{Image Edited by me in Powerpoint}

As you see, the wicks are also part of the candle, therefore the Gap should be taken from the wick (if it has one) and not only from the body.

Focusing on another aspect, for those of you who know me and have had several classes with me 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 will start with my last recommendation from last season: The goal of the Academy is to acquire new knowledge week after week and to use that knowledge to change our lives. But first, we must open our minds and our eyes and not simply limit ourselves to what we already know or think we know.

The goal of the assignment was to learn, not simply to fill out a post and answer a few questions.

However a phenomenon in the last two questions. Precisely the ones that corresponded to perform a DEMO trade using the BRB method in conjunction to a strong level and a trade taking the Gap Level as a strong level where to place our Stop Loss.

Although there were very good papers and performances, in reality, most failed at this point, as they used methods that were convenient for themselves, or that was a pseudo attempt to reapply what was seen in class.

This phenomenon only shows me one thing... They are not reading carefully and are not paying attention to detail.

If they were good observers the answer to both questions was in the Classroom. There I explained the elements that both trades should have, such as: defining strong support, or a gap level that would do the functions of strong support.

For the case of the Strong Level trade, we should expect a price breakout and then a Retest... however the vast majority presented trades without a breakout, and the Retest was just a normal price retracement.

As teachers, our greatest wish is that our students learn valuable knowledge that has cost many of us time, money, and effort. So as students it is up to you to reconsider and think if you are really valuing the knowledge that is imparted in the academy or if you are just opting for a profit. We must reconsider our mentality.

TOP GEAR 3

Finally the moment of the night... I must be honest, this week it was easy to choose the Top 3 since there were only 3 publications with better scores, which stand out not only for their content but also for their writing style, simplicity, and presentation.

The three most outstanding Gears of the week are:

• @elnieno
  https://steemit.com/hive-108451/@elnieno/steemit-crypto-academy-or-season-4-trading-with-strong-weak-and-gap-levels-or-homework-task-for-allbert

• @donjosuexd
  https://steemit.com/hive-108451/@donjosuexd/crypto-academy-season-4-week-1-trading-con-niveles-fuertes-debiles-y-de-gaps-tarea-post-para-allbert

• @virajherath
  https://steemit.com/hive-108451/@virajherath/crypto-academy-or-season-4-or-week-1-homework-post-for-allbert-or-trading-with-strong-weak-and-gap-levels

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