What was your largest profitable trade? | Forex Factory

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What was your largest profitable trade?

  • Poll

  • What was your largest profitable trade in pips?
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  • #1
  • First Post: Dec 12, 2006 2:24pm Dec 12, 2006 2:24pm
I love poles

But mine was around 300+ pips

Let the pips rooolll
  • #2
  • Dec 12, 2006 2:34pm Dec 12, 2006 2:34pm
Hey Hilmy! This was/is (still going) my best trade until now.
Attached Image
  • #3
  • Dec 12, 2006 2:55pm Dec 12, 2006 2:55pm
Pips mean very little, yet they are all that matter to most on this forum.
  • #4
  • Dec 12, 2006 3:04pm Dec 12, 2006 3:04pm
Quoting twinchell
Pips mean very little, yet they are all that matter to most on this forum.
Very true - I'm trading with peanuts because I'm still learning and trading a system so I get peanuts

Anyway, for the record, so far GU long from 1.8954 to 1.9715 - 761 pips (at 3 cents a pip )

Kind Regards
Steve
  • #5
  • Dec 12, 2006 3:12pm Dec 12, 2006 3:12pm
Dude - Hilmy,

I completely screwed up your poll. I'm looking at it and I'm thinking to myself, "Shit - why is my largest loss so much bigger than my largest win." Then I went ahead and clicked the 500-1000 (because I once lost 900 pips). My biggest was more like 150 pips. Sorry everybody... I'm an asshole. Maybe that's why all my trades go against me. I have mental dyslexia. By the way, that loss was because I wasn't trading with a stop loss. Everybody can point and laugh now.
  • #6
  • Dec 12, 2006 3:12pm Dec 12, 2006 3:12pm
Quoting twinchell
Pips mean very little, yet they are all that matter to most on this forum.
Position size matters more?
  • #7
  • Dec 12, 2006 3:15pm Dec 12, 2006 3:15pm
Quoting Miguel
Hey Hilmy! This was/is (still going) my best trade until now.
let us see the units! I do 1000 unit at a time and 2500 after a drop. see ... I'm not embarrassed.
  • #8
  • Dec 12, 2006 3:22pm Dec 12, 2006 3:22pm
Quoting twinchell
Pips mean very little, yet they are all that matter to most on this forum.
Hey Twinchell!
Interesting answer! Can you please elaborate a bit more.
Thanks in Advance!
  • #9
  • Dec 12, 2006 3:29pm Dec 12, 2006 3:29pm
Profit should be measured in $$ (or ŁŁ in my case).

You can't pay the mortgage with pips.
  • #10
  • Dec 12, 2006 3:30pm Dec 12, 2006 3:30pm
Quoting Melinni
Hey Twinchell!
Interesting answer! Can you please elaborate a bit more.
Thanks in Advance!
Say I have two systems:

System 1 consists of a 4 hour chart in which Im risking 3% per trade with a stop of 100 pips. Therefore, if I make 100 pips, I earn 3% return on my capital.

System 2 consists of a 15 minute chart in which Im risking 6% per trade with a stop of 25 pips. Therefore, if I make 100 pips, I earn 24% return on my capital.

As you can see pips do not equate to dollars, yet pips are everything to new traders. System two could make 1/8 of the total pips as system one and be making the same amount in dollars. Do you want to make dollars, or do you want to make pips?

Don't get too cocky though with your risk versus reward trying to increase your position size and at the same time decreasing your stop placement, or you're not going to be making pips or dollars.
  • #11
  • Dec 12, 2006 3:30pm Dec 12, 2006 3:30pm
Quoting hilmy83
I love poles

But mine was around 300+ pips

Let the pips rooolll
It seems that my illness is contagious.

BTW, pole is the one that exotic dancers use. We FF members prefer polls (at least here at the forum).

Good Luck,
Al
  • #12
  • Dec 12, 2006 3:31pm Dec 12, 2006 3:31pm
Quoting Melinni
Hey Twinchell!
Interesting answer! Can you please elaborate a bit more.
Thanks in Advance!
I guess he means return on investment is more accurate - it depends whether you always use the same lot size - you could easily be profitable in pips but not in cash.

Kind Regards
Steve
  • #13
  • Dec 12, 2006 3:31pm Dec 12, 2006 3:31pm
Quoting willf
You can't pay the mortgage with pips.
Best quote I've seen in awhile on here.
  • #14
  • Dec 12, 2006 3:45pm Dec 12, 2006 3:45pm
Oh I don't know aparsi, I think I prefer the exotic dancers to just about anyone on this forum... After all I am not dead yet... LOL
Oh I am just kidding...



Quoting aparsai
It seems that my illness is contagious.

BTW, pole is the one that exotic dancers use. We FF members prefer polls (at least here at the forum).

Good Luck,
Al
  • #15
  • Dec 12, 2006 3:55pm Dec 12, 2006 3:55pm
Quoting smjones
Oh I don't know aparsai, I think I prefer the exotic dancers to just about anyone on this forum... After all I am not dead yet... LOL
Umm. Let me see what I can do for you... What about Pole Cats?

http://www.pole-cats.co.uk/images/ph...eCats_Team.jpg
  • #16
  • Dec 12, 2006 3:57pm Dec 12, 2006 3:57pm
I was trading a portfolio of futures with the (very simple) Aberration long-term system a few years back. I was long 1 x EC (euro fx futures contract @ €125,000) from early 2002 till early 2005 for a gain of over 3000 ticks (futures equivalent of pips), ie. nearly $40k. I remember at the time that I kept thinking retracements would stop me out, but the 2% (or was it 3%) stop was calculated from the entry and not trailed, so the trade just kept going.

With hindisght, it would have been great to have traded say a 240min method alongside to make money on the very sizeable retracements.

J.

PS. I no longer trade Aberration - it was too long-term for me and overall I couldn't take the huge givebacks in open profits that were integral to the system.
  • #17
  • Dec 12, 2006 4:03pm Dec 12, 2006 4:03pm
Quoting aparsai
Umm. Let me see what I can do for you... What about Pole Cats?
  • #18
  • Dec 12, 2006 4:26pm Dec 12, 2006 4:26pm
I agree that pips do not tell the WHOLE story. but heck, mr. pips is my friend and I like him anyway
  • #19
  • Dec 12, 2006 4:27pm Dec 12, 2006 4:27pm
200+
and about poles, girls tend to like my pole. and i like girls on poles.

mmm.....poles!!

*tryin to catch me writin' dirty?
  • #20
  • Dec 12, 2006 4:29pm Dec 12, 2006 4:29pm
Quoting Miguel
Hey Hilmy! This was/is (still going) my best trade until now.
well well well..i see we're on the same trade..
lets pray to lord forex that this trade will reach the heavens..
amen
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