Hi Konstantino,
Last week we had some high risk news events against the US Dollar so this is the reason gold didn’t do well. Over the long tern these news events will favor the US Dollar and gold so it will all average out. Since sometimes these news events can go against gold I would not risk too much on gold so keep lot size under control so gold doesn’t significantly DD your account when these news events occur. Some traders try to close trades ahead of these news events. The problem is there are so many during the month it is hard to stay on top of them. Besides, sometimes these news events will favor the EAs. As a result, I do not try to time these news events I just keep risk under control.
I like to document my trades and my strategy so I can refer back to them and see where I did good and what needs to be improved. I think all traders should do this.
I think you are starting to get control of your trading so keep up the good work.
Alan,