Portfolio Updated (30 Sep, 2008)

Summary :
1) I've been get out in some position with a lost only on Air New Zealand because the others were cover with a stop loss;
2) I didn't open a short position on the NZ50 Index because of the American Bailout. I was worried about the volatility;
3) My commodities portfolio consist of only GOLD (it's the only commodities I bought in the last 5 years and it's likely to be the only one also for the future);
4) Cash for now is my significant position;
5) Currencies remain the only "equity" position open;

This is a easy portfolio that everyone can build and follow.
This is my personal view with my New Zealand Money.

See you soon, as soon as I can.
Financial Markets keep me very busy in these days and I have not a lot of spare time to write in this blog.
Sorry about that.
I'll do my best.

Bye

Portfolio Updated (Sep 8, 2008)

News in brief :
this is the speculative positions open and close updated at 10th of September on my personal Equity NZ Portfolio.
As you can see, I've been stopped with a small relative loss on the last 2 speculative operations vs Us Dollar, open probably to early. I was looking for a rebound due by an incredible oversold on the most famous Trading Momentum Indicators, as Rsi or Williams. This shows you how important is the stop loss, overall when you work with leverage (in my overseas account usually is 1:20).
I closed the long Us Dollar position exactly where I thought. This is not mentioned in this imagine, because I did it this morning, because the price reached 79.84 as maximum against 79.90 I predicted a couple of weeks ago.
I also moved the Stop Loss on Fletcher to the Enter Price, so I won't lose anything in case the share suddenly should moved down.
Good trading to everyone.
Bye.

Personal Positions NZ Market

My personal position on NZ Market.
I ll try to keep it updated in this blog (at least fortnightly).

Bye bye.

The Purple Prince-trader

Short USD vs NZD and AUD

I want to show you 2 quick operations I opened this morning :
1) short USD-NZD
2) short USD-AUD

technical signal as you can see above (they are both oversold in their short term momentum)

See you soon
Bye

My Account

Just to show you how I'm operating in these days with my new account.

Bye Bye.
See you soon.
The Purple Princetrader

Currency Lookout (17th Aug 08)

I think the last week at the Reserve Bank's Office in Wellington has been very HOT !
On the 13th of August Bollard started calling all the Banks and asking them to BUY - BUY - BUY the National Currency. Probably he called also in China and Japan to find an HELP.
Otherwise ............. Guys, close all the doors and put outside the notice :
SOLD OUT !!!



In America in the meantime the Executive Order was :
"Keep buying US Dollar, whatever the cost !"
Also there the armchairs are very hot.

It's time to buy Us Dollar ?
It's time to buy NZ Dollar ?

Not yet, my friends !
Before, Let them play their game.

Like a wise old man we stay at the river's border waiting for the right moment to throw the fish-hook.

See you later.
Bye

Drawn on NZ Herald Article

A person really competent, on my opinion, is Mr Brian Gaynor who usually writes good and technical article on NZ Herald business section. In his last, I read about his consideration about the 3 most important company on the New Zealand Financial Market.
2 of them I've already said my idea, and it's well known for who's been following me since I opened this blog (you can have a look a this previous post : http://nztechnicalanalysisabroad.blogspot.com/2008/05/telstra-vs-telecom-nz.html
http://nztechnicalanalysisabroad.blogspot.com/2008/06/telecom-update.html
http://nztechnicalanalysisabroad.blogspot.com/2008/07/telecom-what-to-do.html)
Anyway, I wanted to update my view on Telstra and overall on Fletcher, whom I 've never talked about it. You could find something interesting, I think.
In brief......
Telstra will become really good only if it can break area 6.00 Dollar and with strong Volume.
Fletcher, on the contrary, may be good right now !
I think this share can over-performance in the next weeks, even if only for short time.
If Monday it opens positive, I m gonna buy it and I will put a stop loss just some ticks under the Thursday low.

Have a good trade !
Bye

The Purple Prince