Columns/Diary

Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been wrote his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 20 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 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.

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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.

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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.

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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.

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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.

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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.

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Day Trader column for September 25 – 2012

After a very long time on the sidelines I bought two stocks last week, to dip my toe in the market in anticipation of the market making a move towards 5,000.

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Day Trader column for September 18 – 2012

Our market has started to look interesting as we have a setup in place and last week we saw a weekly pivot point to the upside form in the All Ords and the ASX/S&P 200. This has all occurred around the 4,400 resistance level.

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Day Trader column for September 11 – 2012

Last week was another week of indecision as our market traded in a one hundred point range but only managed to close the week ten points up on the previous week.

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Day Trader column for September 4 – 2012

Another weekly pivot point to the downside last week as the All Ords refused to move above the long term downtrend line as discussed last week.

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