BETTER OFF

Do you really know how 's the financial market doing ?
Give a glance to the above charts. It 's worth it !
Do you remember what I said and which was my prediction about the index 2 months and a half ago ?
No ?!
You 'd better go to see it !
This is the right link : http://nztechnicalanalysisabroad.blogspot.com/2008/07/nz50-index-forecast.html

..... and this was the "right" chart-graph.
To be honest I was sure at about a new minimum on October , but not with this force.
We are facing with something real new for everyone is trading on the market in these days, even Mr Warren Buffet. There 've been a few crisis in the last 30 years :
1975-78 : Petrol Crisis
1987 : Crash on Wall Street Market
1990 - 1993 : Bank crisis and doom on Japanese Market
1998 : Asian Market Crash
2000-2002 : New Economy Crash

but nothing like this one, like what we are living today.
We need to look back longer, I reckon.

Stay tuned to keep up with the news.
See you soon.
Bye

Fun in the middle of the Storm

The International Crisis

http://www.colbertnation.com/the-colbert-report-videos/187307/october-06-2008/jim-cramer

Something that I suggest to see , not just for fun.
Meanwhile they 're laughing , they 're saying something interesting too.

Bye Bye

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