Columns

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 September 22 - 2017

Another week and we still see the indices trading sideways. On Wednesday when this column is written the index formed a daily reversal which would indicate the market may move up by the end of trading today.

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Day Trader column for September 15 - 2017

The indices continued their seemingly never ending sideways move, and this week on Monday and Tuesday ran up again to close on Tuesday above 5,800. Wednesday’s move however was a daily reversal which can indicate a move down or sideways.

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Day Trader column for September 8 - 2017

Once again our market was sold down to the lower end of the month’s long trading range only to recover by the end of last week to close again just below 5,800 on the All Ords.

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Day Trader column for September 1 - 2017

The move up to close above 5,800 at the end of last week was followed by another big fall on Monday and Tuesday this week to again cast some doubt as to the uptrend continuing and rising to new highs.

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Day Trader column for August 25 - 2017

Our market continued to trade sideways again last week and again it fell on Friday to close just below 5,800. More stocks continue to trade up against resistance as they form patterns commonly seen prior to a move to the upside.

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Day Trader column for August 18 - 2017

Our market fell again last Friday. Each week for the past couple of months there has usually been one day when it has fallen sharply only to reverses the fall in the following days. As of Wednesday this week the market had closed well above last Friday’s high. We shall see what this week forms a weekly pivot point.

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Day Trader column for August 11 - 2017

Our market has still not closed above the recent near twelve week sideways move, where the All Ords has traded between 5,700 and 5,850, and still has not formed that illusive weekly pivot point to the upside.

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Day Trader column for August 4 - 2017

Although the All Ords fell nearly 80 points last Friday it was only 25 points lower on the weekly chart. However, it meant we did not see the weekly pivot point to the upside, but the sideways pattern is still in place.

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Day Trader column for July 28 - 2017

Wednesday this week the All Ords and the ASX/S&P 200 broke above the short term downtrend on the daily chart drawn from May 01 this year.

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Day Trader column for July 21 - 2017

Although last week our market did finish on a high note it was not high enough to form a weekly pivot point to the upside. Tuesday this week saw it fall sharply but it still remained inside the range of the week ending July 09, the week the spike low of the move down from the April high was formed.

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