04.23.2020 GBPUSD Long
Kitty made a boom boom. ![:crying_cat_face: :crying_cat_face:](https://f.bpcdn.co/images/emoji/twitter/crying_cat_face.png?v=9)
Today marks the first losing trade foww dis weenie account. Today I kitty lost $ 1.48. Meowhuhuhuā¦ ![:crying_cat_face: :crying_cat_face:](https://f.bpcdn.co/images/emoji/twitter/crying_cat_face.png?v=9)
Letās get right on da tuwwade!
Our kitty trade combines the aspects of our KITTYMOKU system along with the concept of the London Open Stwategy (Jazz like yestewwdayy).
A. ) STRUCTURE / RANGE
Our structure will be based on a strategy taught to us long ago by this old geezer of a kitty tuwwader. This works when the Asian session has been tradinā on a RANGE (preferably a tight, low volatility range aka price is docile, not like a wild kitten runnin around). When the Asian session is bout to end and the London session is about to start, there is a tendency for prices to TREND towards a dominant direction. We intend to take a trade on the dominant breakout direction with the confirmation of our KITTYMOKU system. I determined the range of the Asian session to be from 1.23167 to 1.23447
B. ) BIAS
On the 15m chart, I watched the Tenkan Sen and Kijun Sen perform a āsojournā albeit inside the Kumo. I also saw my EMA55 sloping upwards below price setting my bias for a bullish breakout of the Asian range. Cause of concern was that price and both Tenkan Sen and Kijun Sen were both still inside the Kumo. However, a positive note was a āKumo Twistā aspect of the KITTYMOKU system (Senkou Span A crosses Senkou Span B from below to above)
C. ) TRIGGER / EXECUTION
On the 15m chart, the trigger for me wazz the āKumo breakoutā or prices breaking out of the Kumo. A Kumo breakout plus the Kumo Twist were two signals that lined up in my kitty favor. Dis cat was happy! Kitty started to see a divergence with the flattening of the Kijun Sen but this kitty refused to be shaken out coz I figured two kitty signals of the KITTYMOKU system saying the same thing plus at the time, EMA55 and EMA144 gave me a bullish cross which boosted my confidence on the trade
Sadly, the market seemed like a wild kitten and started runnin and swingin around wildly! If you kitty review the chart, you will se how wild the swings are! Itch pwetty scawwy! ![:scream_cat: :scream_cat:](https://f.bpcdn.co/images/emoji/twitter/scream_cat.png?v=9)
When GBP news came out, it was worse than expected. I guess we were naaaat expecting things to be that bad. That may explain the kitty wild swings.
As you can see, what cudda been a pwaffitable trade turned out to be a losin trade. ![:crying_cat_face: :crying_cat_face:](https://f.bpcdn.co/images/emoji/twitter/crying_cat_face.png?v=9)
However, an old geezer tradin cat taught me that there were 2 ways to classify trades.
(1) Pwaffitable trades and Losinā trades
(2) Good trades and bad trades
This one was a losin trade coz I kitty lost some manni. However, on the 2nd class, Iād kitty say this was a good trade. I had plans and triggers and I stuck to them. I acted on the info and signals I had at the time so I think this was still a good trade despite bein a losinā trade. Most of all, risk was still kitty managed in the midst of such wild kitty swings! ![:heart_eyes_cat: :heart_eyes_cat:](https://f.bpcdn.co/images/emoji/twitter/heart_eyes_cat.png?v=9)
We canāt win every trade. No one can kitty do that (except the kitty god of trading and the kitty god of the markets).
Balance is now $ 101.24
Cheers to the next tuwwade! ![:heart_eyes_cat: :heart_eyes_cat:](https://f.bpcdn.co/images/emoji/twitter/heart_eyes_cat.png?v=9)