Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been writing his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 11 years.

Darryl is likely unique, in that he actually writes about his own trades, his reasoning for selecting or rejecting certain stocks, how he sets his targets, his stops, his exit strategies. He’s also not shy about staying out of the market if the signals are not right and explaining why. This is very different from most talking heads, who are not dealing with their own money.

New columns are updated to this site every week.

These columns are written and published as a chronicle of Darryl’s trading. Any information provided is of an educational nature only. Please note that we are NOT a stock tipping service, either through the newspaper column nor through the workshops. Our hope is that by watching and learning from Darryl’s trading technique, you can start to learn to take control of your own finances, which we believe is especially relevant in today’s turbulent market.

Day Trader column for December 4 – 2012

After a month of downtrend, our market reversed last week and formed a weekly pivot point to the upside, and this was on increased volume.


Day Trader column for November 27 – 2012

Although our market moved up for most of last week, it did not move far enough to break the short term daily downtrend the market has been in for the past five weeks. Also, all last week’s market action was inside the range of the previous week.


Day Trader column for November 20 – 2012

Last week our market made a clear break of the uptrend which has been in place since June this year. It is interesting to note the move up was reversed when the uptrend since June ran into the previous uptrend which ran from August 2011 to April this year, when it too was decisively broken.


Day Trader column for November 13 – 2012

Last week the market closed within a point of the previous week’s close.


Day Trader column for November 6 – 2012

As I thought last week, our market dithered around the uptrend line formed since June this year, and by weeks end had still not given a clear indication as to where it wants to go from here. In the meantime I will just manage my current trades and watch for further opportunities if the market resumes the uptrend.


Day Trader column for October 30 – 2012

A weekly pivot point to the downside formed on the All Ords last week, so we may see some weakness this week. But it should find support as it approaches the uptrend line from the low formed in June this year which has proved itself as support on at least five occasions.


Day Trader column for October 23 – 2012

The All Ords just managed to trade above the 4,600 level intraday last Thursday and closed the week just below that level. As all markets (the All Ords is no exception) find resistance at round numbers, it is likely we will see some consolidation around 4,600 before a further move.


Day Trader column for October 16 – 2012

Our Market traded sideways last week and looks set to move higher this week, after retesting 4,500 on the All Ords for most of last week.


Day Trader column for October 9 – 2012

Last week the All Ords closed on its high for the week, but it closed at 4514.9 which is point one below the spike high formed in May this year.


Day Trader column for October 2 – 2012

I am still very wary of our market, as last week it formed a weekly reversal after it fell for the first three days of the week. It did however reverse to the upside on the daily chart on Thursday and formed a daily pivot point to the upside on Friday.