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 May 8 – 2012

Our market is finding it very difficult to move up with any conviction. Last week the All Ords moved up early in the week despite the daily pivot point the previous Friday.


Day Trader column for May 1 – 2012

Our market has traded sideways for the past month since forming a weekly pivot point to the upside at the end March. Volumes have been down during this sideways period hinting we could see a further move up.


Day Trader column for April 24 – 2012

Our market remained positive last week. It now looks possible for it to move up another one hundred points or so. That however will see it knocking hard on the major downtrend line that is the critical resistance level


Day Trader column for April 17 – 2012

Last week I mentioned if the market followed through with all the daily reversals of the previous week it could be ominous. As it transpired the market did fall for the first two days of the short trading week, last week.


Day Trader column for April 10 – 2012

The market was very indecisive last week. The index formed daily reversal signals to the downside and the upside. .


Day Trader column for April 3 – 2012

The slow pull back the week before last on the All Ords, from just below 4,400 and the subsequent reversal to the upside, on Thursday March 23 followed through last week, with the All Ords closing the week well above 4,400.


Day Trader column for March 27 – 2012

After coming within a whisker of 4,400 and reversing on Tuesday last week, the All Ords traded sideways for the week. Friday’s price action promised a further move up, so we may well see it close above 4,400 this week.


Day Trader column for March 20 – 2012

Last week I commented on the number of weekly pivot points the All Ords has formed since August last year. Low and behold, last week saw the Index form another weekly pivot point to the upside.


Day Trader column for March 13 – 2012

The All Ords formed another weekly pivot point to the downside last week. Since the market low in August last year we have now seen the All Ords form five weekly pivot points to the upside and last week was the fifth weekly pivot point to the downside.


Day Trader column for March 6 – 2012

Another divergence last week between the All Ords and the S&P/ASX 200. This time the All Ords traded above the December 2011 spike high and the S&P/ASX 200 failed to trade above its December spike high.