The Forex Year in Review: 2015 – the Traders’ view

As another year winds to a close, here’s how our resident traders have found 2015. Reviewing the news, markets, their trades and of course the exciting goings-on at Littlefish FX, it’s our Forex Year in Review…

Sam Barry, Littlefish FX CEO

Highlights of 2015:
The launch of our own Prop Trading Programme has seen great success in just a few short months, with great potential for expansion (find out more here). Myself and the team here have also made exciting strides towards launching our own fund, and 2016 is set up to be a breakthrough year for Savernake Capital – remember, you heard it here first.

Lowlights of 2015:
After such a successful end to the year it seems churlish to mention any lows throughout the year. After all, progress can not be made without setbacks. So I’ll say that my main lowlight, given all the hard work here, is lack of sleep. I’d like to say I look forward to catching up over the festive season, but I know better than that…

Favourite trade/Best call:
We had a good year of trading with the GBPUSD being particularly nice. I also expected us to kick the can down the road on rate rises and that helped us.

Biggest surprise:
Leading on from that, my personal surprise was with the sheer amount of market surprise around the fact that we did kick the can down the road.

What you would have done differently:
I should probably learn to get less annoyed with market commentators.

Sum up 2015 in FX in 5 words:
Sign of things to come.

Nathan Batchelor, FX Analyst

Highlights of 2015:
Holding a 1.2350 EURUSD short to take profits early 2015 at 1.1540.

Lowlights of 2015:
My EURCHF SELL order @ 1.1990 expired four days before the SNB removed their peg. My thinking all year was that the SNB could not defend it with the large scale ECB QE. Forgetting to renew my platform order I had held for the last three months cost me a cool £100,000.

Favourite trade/Best call:
EURUSD rebound into the 1.1600-1.1700 area to re-short into the downtrend.

Biggest surprise:
The FED not raising interest rates in September.

What you would have done differently:
I’d have given deeper analysis to longer term Fibonaccio targets being hit.

Sum up 2015 in FX in 5 words:
Slow, Scalpable, Cyclical, Complicated, Loonie.

James Harte, FX Analyst

Highlights of 2015:
What I found particularly interesting over the year was just how many times popular opinion converged so heavily around a certain issue or event, calling for a specific outcome only for either the exact opposite, or at least a very different outcome altogether, to occur. Such as expectations for Greece to leave the EU, for Fed to raise in Summer and for markets to collapse after the August 24th volatility.

Lowlights of 2015:
Definitely the very sticky mid-summer months where expectations surrounding a potential US lift-off in September/October had markets held hostage. Very frustrating to get caught up in those tight ranges and I found myself getting a little sucked in at times, trading away from best.

Favourite trade/Best call:
A great opportunity to reiterate a point made by our CEO Sam Barry, which is that when you follow a specific system, all calls/trades are the same and the outcomes are simply a function of the returns distribution. That being said, catching a big move is always pleasant and so I would say a GBPUSD long that I had from 1.5290 the first week of September and got over 300 pips in it before it cratered.

What was particularly pleasing about this trade was that it came after two months of very difficult trading for me in GBPUSD, where I didn’t really have many setups and so it was nice to get a clear setup and a return to form to rid that sticky summer from my mind.

Biggest surprise:
The market volatility on August 24th where we saw those huge spikes in both equity and currency markets. I definitely was not expecting that.

What you would have done differently:
Looking back there were definitely a few times where I could have held on to winning trades longer. This is an area that we focus on time and time again in trading education and I really can’t emphasise it enough. I know so many great traders who say the same things, that there are still times when they bail on a trade a little too early. Still an area of improvement and for the most part I’m certainly a lot better at holding.

Sum up 2015 in FX in 5 words:
Round and round the mulberry bush… (Okay so that was six, but you get the idea!).

Patrick Munnelly, FX Analyst

Highlights of 2015:
Joining the Littlefish FX team, an honour to work with a pro group of traders and analysts aligned behind core values of excellence, relevance and accountability.

Lowlights of 2015:
Exiting Swissy short 11mins before the SNB announcement hit in January, I could have taken the remainder of 2015 off. Seriously could have only been lower if I had reversed long, such is the game!

Favourite trade/Best call:
Short Gold 1190 to 1080 shared with Littlefish FX readers real time, which proved to be a 1100 pip home run. They don’t come round that often, but when they do you have to ride them.

Biggest surprise:
The SNB peg pull.

What you would have done differently:
Stayed short Swissy.

Sum up 2015 in FX in 5 words:
Swiss National Bank ‘Rug’ Pull.

Neville Hornsey, Trader enrolled on the LFX Prop Trading Programme

Highlights of 2015:
Meeting some great traders.

Lowlights of 2015:
The amount of talking from central bankers, especially their actions re. SNB  and their lack of action re. FED.

Favourite trade/Best call:
Long USD/CAD 1.284.

Biggest surprise:
SNB removing the peg and how much risk certain brokers had on their books.

What you would have done differently:
Scalped for 20 pips every day.

Sum up 2015 in FX in 5 words:
Difficult due to jaw boning.

Want to become a Prop Trader with Littlefish FX? Read more about our Prop Trading Programme here. And stay tuned for our traders’ 2016 predictions, article to be published in the next few days.