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 April 21 – 2010

Our Market was very volatile last week. Last Thursday it formed a daily reversal candle followed by a reversal confirmation on Friday, when a daily pivot point to the downside formed.

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Day Trader column for April 14 – 2010

Last weeks strong move up on the All Ords, suggests it is likely we will see the 5,000 mark broken this week.

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Day Trader column for April 07 – 2010

Our market continued to move up last week, but it ran out of steam on Wednesday, then recovered most of that day’s losses on Thursday, to close the week 15 points from its high for the week.

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Day Trader column for March 31 – 2010

Last week saw a small rise on the All Ords early in the week, then indecisive sideways trading for the remainder of the week.

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Day Trader column for March 24 – 2010

Last Wednesday March 17, saw an increase in range and volume on the All Ords, as it moved towards 4,900.

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Day Trader column for March 17 – 2010

Last week we had a day of indecision on Wednesday March 10. The index opened, then moved up and reversed, to move down below the open by around the same amount it had moved above the open.

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Day Trader column for March 10 – 2010

The daily pivot point I mentioned I was waiting for in last week’s column formed on Tuesday March 02.

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“Day Trader” column for March 03 – 2010

After the weekly pivot point on the All Ords (discussed last week) formed, I then switched to a daily chart.

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Day Trader column for February 24 – 2010

Last week the All Ords formed a weekly pivot point to the upside. The move to a level high enough to form the pivot point occurred when the market moved up very strongly last Wednesday.

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“Day Trader” column for February 24 – 2010 - Melbourne

Continuing last weeks commentary on targets, where mirror were discussed, I will now look at extensions of previous moves, to project potential targets.

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