Steemit Crypto Academy | Summary on Homework Task, Week 6- Season 5

Hello steemians how are you? I hope you all are doing well and you all are safe and healthy during this pandemic time.

Here ends week 6 of season 5 for my homework task, it felt so good to check the homework task as a professor and after being a student for 4 seasons. I have got an overwhelming response from the students which I was expecting because this time homework was quite easy. first I want to make apologise to each and every user for this late summary post. It was my third experience as a teacher and I tried my best to be lenient and understandable, hope you all find it informative and useful.

This week we covered : One of the best strategy from the category indicator strategy that is Bichi Method of indicative strategy. Starting from its defination, Working, construction we end our discussion on demo trades. Another thing we discuss in our homework post is the Signals prediction trading along with Crypto IDX and Altcoins IDX.

Basically Bichi method is created by me and I prefer to use this for short term trading.

This week we com up with 3 different questions starting from understanding of Bichi method we discuss about its trends in the market. After that we we try to analyse it's reversal method and then demo trade.. After that student create there own penny IDX. And we briefly discussed about Cryto IDX and Altcoins IDX.

Bichi Method strategy is an indicator based indicative and can be used by scalping traders and intraday traders. This strategy consists of 2 different indicators Bollinger bands and Ichimoku clouds.

Bollinger bands is used to provide resistance and support to the price, where as ichimoku cloud provide information about trend in the market. For determination of uptrend and downtrend we use ichimoku clouds with bases line of bollinger band. For trend reversal we use sideways market which we can identify using bollinger band. Entry and exit level using this strategy is quite easy and effective up to 80%.

The only thing I would like to address is that many users consider demo trade as simply analyse the trend it and take exit for entry in the market. But we have to understand that we can only say our demo trade it is complete when our stop loss or take profit hit by candles.

This is the basic summary of the homework of week 6.

This week, I have visited all the post submitted on my tag #utsav-s5week6 and #cryptoacademy. Once again I request all the participants to check their tag correctly. If anyone use incorrect tag change it, comment your link below, I will try to visit your post.

Observations and suggestions:

In week 6 total 47 entries were made in which we find all type of entries, Outstanding, Excellent, Good, Average and Poor.
Well organised homework post with clear screenshots and perfect trades receive good grading while other losse marks in different areas. Let us address few of them.

Presentation:

I consider presentation as one of the most important part of any homework post. It depend on many factors such as screenshots and there editing, Clarity of content structure and also special guidelines. This time I mention two most important guidelines and consider it as a part of presentation that is to justify text and as your country tag. One who fail to follow these simple guidelines fail to receive marks in presentation.

Proofreading :

As we mention that one have to read his/her homework post before submission. Few users make silly mistakes such as spelling mistake, Markdown style mistakes, unwanted symbols in between text and so on. The only thing that can resolve this is issue is proofreading. Read your complete homework post before submission.

Question Answers:

Many of our authors fails to understand demo trade in which they loose marks. Since many authors done the same mistake so I deducted 0.5 marks in each post. But most of the questions are correct and we'll explained.

Evaluation :

My grading system was based on quality of analysis of each Question, presentation and originality. Out of 47 entries only 1 entry recive 10/10. Number of post recive Vs. Quality Tag of these 47 entires are given below in the form of pie chart.

Quality Tag	Number of posts	Marks Range
Outstanding	1	10
Excellent	19	8.5-9.5
Good	10	7.0- 8.0
Average	15	5.0-6.5
Poor	2	0-4.5

In terms of pie chart the total percentage of post received certain quality Tag is given below:

Percentage:
(Number of post/Total number of posts)X100

Marks obtained by number of posts is given below :

Marks obtained	Number of posts
10	1
9.5	6
9	5
8.5	8
8	6
7.5	2
7	3
6.5	4
6	3
5.5	5
5	2
Below 5	2

I have evaluated all the entries on the basis of the following parameters:-

• Quality of analysis Of each question. Specifically in question 1.

• Presentation including originality 2 marks in total. It consists of proofreading, Guildlines, editing and other factors we discussed above.

• Club5050 users received additional 1 mark is reward under category of presentation.

• Grammar, spelling, plagiarism, formatting all are covered under this marking scheme.

Top 3 post :

Out of 47 entries, I found the following as three best entries of this week :

Position	username	post link
First	@nobby9b	post link
Second	@abdu.navi03	post link
Third	@dharamps	post link

Conclusion:

It is time to conclude our homework post summary in which we try to summarise each and every important and basic need of homework post one should take into consideration. While performing homework we have to focus on what is the demand made by questions or is there any specific guidelines made. By doing this we can secure the marks that we are losing in silly mistakes.

The aim of this homework post is to teach every user about indicator strategy that one can use in there day to day trading life. Try to use this Strategy in your trading and share your views below in comment box.

Join club5050 to grow steemit and steem coin more and more. Our main is to provide quality content to users and teach them different methods of working. Of you are eligible to work in steemit crypto academy then do join this excellent community for more such assignments.

Thankyou.

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@steemcurator01
@steemcurator02
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