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 25 – 2011

A great deal of indecision remains in our market. I believe this will continue while it continues to trades in the range 4,600 to 5,000.


Day Trader column for May 18 – 2011

Our market continued to move down last week, albeit with some volatility. Last week I talked about watching what happens at a fifty percent retracement level, as reversals can occur at this level.


Day Trader column for May 11 – 2011

The move up in the All Ords from mid March 2010 to mid April was from a low of 4,560 to a high of 5,070, and after the recent weekly pivot point to the downside, the market continued down last week to the mid- point of this range, being 4,800, with the market trading either side of this on Thursday and Friday.


Day Trader column for May 04 – 2011

Due to space constraints, last week’s column did not appear in the Herald Sun, so I will briefly summarise last week’s column and trades.


Day Trader column for April 27 – 2011

Our Market recovered very strongly last Wednesday and Thursday, after the sharp fall of the previous week and a half. It had certainly looked like the uptrend was over, before the strong turnaround last week.


Day Trader column for April 20 – 2011

Monday April 11 saw the All Ords trade above its April 2010 spike high, but the ASX/S&P 200 did not trade above its April 2010 spike high.


Day Trader column for April 13 – 2011

Our Market closed last Friday at its highest level in twelve months. Moreover it was only ten points short of a two and a half year high.


Day Trader column for April 06 – 2011

Monday March 28, the market action of the All Ords showed real indecision.


Day Trader column for March 30 – 2011

Last week the All Ords formed the weekly pivot point which I have maintained is needed before any change in market direction is indicated.


Day Trader column for March 23 – 2011

Its an understatement that last week the All Ords was extremely volatile.