Well, after 4 years of making lots of money over a two month time frame and then giving it all back in a couple of days, I have fully realyzed what I have done wrong.  First off, there is NO perfect indicator.  The banks move the money and we need to identify the trends and grab the profits. 

Get rid of your ego.  Check it at the door, or your computer.  Greed kills.  trust me, I can tell you many stories of failure and it all came back to greed. 

You cannot go one way.......The fundamental news cannot be played one way.  You may guess the right way a time or two and you will get cocky, and then you go one way on another set of news and you get slammed in the gut.  This hurts.  If you trade, you have to hedge.  Play both sides and give yourself some good stop loss's along with good limits.  Contain the loss's and take advantage of the gain. 

Also, do not look at the pips gained on your trading platform.  Greed will creep back in and slam you once again.  Look at your chart and focus on that.  If you are going to scalp, the 10 minute is a good chart to play.  Anything shorter will give you way to much noise. 

It is all in the candlesticks and how they are moving.  If followed properly, you can make a profit.  Keep in mind there is not one trader alive who gets them right everytime.  If you can get 80% good trades while containing your loss's you will gain and over a year time frame it will compound nicely for you.  Remember, over analysis paralysis kills.  Keep it simple for you and it will work.  Just some thoughts from some one who has been through the school of hard knocks and brokers.....:)  Happy trading..........:)

Larry