I got killed on EURUSD over this last drawdown. It actually never got higher than 240 bucks, but regardless, I got out of it at -40.00. It would have made me about 30.00 had I stayed in, but I would rather take what is 1 days profit, than risk it getting into 500.00 to 1000 drawdown! :)
If I were you and I was doing only one pair, it would probably be USDJPY or GBPUSD.. :) Just my 2 cents.
Be Open, honest and ethical and all the $$$ you want will come. (hint hint)