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Ya, fundamentally Euro is definitely a long, considering rates policy of ECB vs Fed and other matters. Today is a little bit in red for my scalping calls, but it's the part of our business. :) Overall all goes as expected. Hope February was good for you as well?

Tight stops need good filtering indeed, otherwise if your entries are too broad, will end up chopped to small pieces.

Yeah, rallied well on good ADP news.

Again stopped out -6 pips.

Shorted @ 1.3781.

Stopped out -6 pips.

EURUSD short @ 1.3762.

Took long @ 1.3760 and quickly took 7 pips.

I am not very familiar with cycles... And don't hold gold, but am generally bullish on commidities.

Here's an example of today's most profitable EURUSD scalp trade I did: http://www.cornixforex.com/2011/03/forex-trade-example-march-1.html

Took the profit of 8 pips on the long.

Long @ 1.3828.

Stopped out for a loss of -6 pips.

Shorted the Euro @ 1.3827.

Took profit of +11 pips.

Long @ 1.3812.

Short stopped out -5 pips.

EURUSD short open @ 1.3816.

I would much prefer the 99% figure. Because I would feel very bad to do something that every 1 out of 10 people can do, that's pathetic. :D

Blowing up one account is the price of learning. Blowing up second is bad risk management. Blowing up third is some kind of psychological disorder, similar to that of gambling addiction. That guy has got problems, trading is his addiction, not profession, so he should stop doing that.