The Local's Take: Too Late in the Day Commentary

Good Evening Traders and Investors,

Due to a mixup, I wasn't needed on the mountain and decided to stay home and work with a few clients as well as GULP trade the markets.

The Forex markets are getting harder and harder to get a handle on as the dollar is acting very different to every major pair. The daily grind in low volatile markets, just got grindier... let me explain.

The "grind" is the trader term for getting in the trenches and busting out a living every day. It is the time when markets are slow, economic numbers aren't moving the markets and for the most part there is one move a day. If you are wrong, you finish down for the day. If you keep trading, you end up trading with yourself and the day gets worse. The GRIND refers to:

• patience
• discipline
• edge

With those 3 fundamentals in place, you look for one good trade and come out ahead or you have one loser, use money management and walk away with your head held high as you did the right thing, the trade just didn't work out. But you didn't expend energy, time and your capital trading in poor markets.

I am glad I had other things to do today, but when the markets sold off almost 100 points, it seems more and more likely that it will continue. Woops - beachball in water. I forgot. We finish up 70, AHEAD of unemployment.

The markets are bullish! Trends are in place, until they stop being a trend. I think I just made that up.

See you tomorrow for an exciting Friday with the jobs announcement. It is Friday - one good trade!

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Could be the most disciplined coach/students/ball players ever to play in a final!