The Forex Year in Review: 2016 – the Traders’ view

As a turbulent 2016 winds to a finish, here’s how our resident traders have found the events of this year. Reviewing the news, markets, their trades and anything else they’ve been working on, it’s our Forex Year in Review…

Sam Barry, Littlefish FX CEO

Highlights of 2016:
Launching Savernake Capital, a real mammoth effort to get it going.

Lowlights of 2016:
Despite our launch and good performance on volatility, this year has been one to forget. Fallout from Brexit, Trump, Bowie, Prince, Ali, the list goes on… 2016 has been a dog of a year.

Favourite trade/Best call:
In my predictions for 2016 I mentioned shorting housing stock out of Brexit and we looked at wider shorts in the end and these did very well. We also did well on the Trump vote in the fund with the extended US Dollar rally. Closer to home on Littlefish FX, particularly pleasing was seeing Chris Johnston do well, if he keeps it going it is a nice proof of simple consistent systems in play.

Biggest surprise:
Bowie’s death or Trump, although it looked like it was on the cards with the rhetoric going round on the popular vote.

What you would have done differently:
I would have read more and I would have paid more attention to what brokers were doing.

Sum up 2016 in FX in 5 words:
Don’t bet on sure things (Remain and Clinton).

Patrick Munnelly, LFX Analyst

Highlights of 2016:
Brexit & US Election populism sweeps and market reactions.

Lowlights of 2016:
Forgetting to place a bet on a Trump win.

Favourite trade/Best call:
Shorting the USDJPY & GBPJPY 300pip home runs.

Biggest surprise:
Brexit Yes Vote.

What you would have done differently:
Sell Cable Brexit night.

Sum up 2016 in FX in 5 words:
Do Not Trust Polls, EVER.

James Harte, LFX Analyst

Highlights of 2016:
The bear trend in Cable linked to Brexit.

Lowlights of 2016:
Trump election.

Favourite trade/Best call:
Trading the recent AUDCAD reversal.

Biggest surprise:
Trump election!

What you would have done differently:
Traded a “Leave” voted over the Brexit referendum.

Sum up 2016 in FX in 5 words:
Donald Trump is now President.

Neville Hornsby, LFX Prop Trader

Highlights of 2016:
Really learning the importance of doing the same thing over and over.

Lowlights of 2016:
Every missed trading opportunity, though waiting for all the risk events to pass meant I didn’t want to trade that much anyway.

Favourite trade/Best call:
Favourite trade is always the last closed out profitable trade, my best call was Oil Low but I think everyone had that.

Biggest surprise:
How low GBP went on Brexit and struggling to find a decent chart with data back to 1984.

What you would have done differently:
I should have just Sold the USD at the beginning of 2016 and bought it from June 2016.

Sum up 2016 in FX in 5 words:
Massive moves on news events.

Rhian Thompson, LFX Prop Trader

Highlights of 2016:
Strong results trading EURGBP all year, definitely best on ground for me.

Lowlights of 2016:
Exiting an AUDUSD Short Entry prior to the interest rate cut in May.

Favourite trade/Best call:
Long EURGBP Sept 9 @ 0.8440.

Biggest surprise:
The US election result, then Brexit result. The volatility around Brexit was incredible.

What you would have done differently:
Not traded in June, traded two pairs for the entire year.

Sum up 2016 in FX in 5 words:
Keep Calm and Donald Trump.

Christopher Johnston, LFX Blogger

Highlights of 2016:
Continuing the Trader Interview series and getting an insight into other people trading journeys. Also Sam teaching me the breakout strategy.

Lowlights of 2016:
None really. Had a pretty good year.

Favourite trade/Best call:
No trade specifically, but in my blog I mentioned a few set ups that played out which was nice to see.

Biggest surprise:
Brexit and Trump.

What you would have done differently:
Started focusing on one strategy sooner than I did.

Sum up 2016 in FX in 5 words:
A solid foundation for 2017