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 January 27 – 2010

There is a five point reversal in place for the market to reverse the uptrend but I think it will not play out as one would expect from this formation.


Day Trader column for January 20 – 2010

It took a while but the market eventually began the pull back just as I anticipated when writing last weeks column. Tuesday and Wednesday last week saw a sharp move down after testing 5,000.


“Day Trader” column for January 13 – 2010

The pull back I wrote about last week did not come to pass but the market action of the last three days of the week suggest we could see a pull back this week.


“Day Trader” column for December 30 – 2009

Last week’s figures show a daily and also weekly close on the All Ords of just five points below the 4,800 level, the figure I mentioned a couple of weeks ago as being the first indication the uptrend was about to resume.


“Day Trader” column for December 23 – 2009

Last week continued the apparent consolidation as all the week’s trading was again inside the previous week’s trading range.


“Day Trader” column for December 16 – 2009

Our market certainly did not give any indication last week that it was ready just yet to move up


“Day Trader” column for December 09 – 2009

Last Friday put paid to a weekly pivot point forming for the week. Had the All Ords closed near Thursdays close we would have seen the pivot point form.


“Day Trader” column for December 02 - 2009

My cautious approach to the market, as my lack of buying and maintaining and selling on tight stops over recent weeks has indicated was vindicated by last week’s price action.


“Day Trader” column for November 25 - 2009

Although we had a weekly pivot point to the upside the week before last, we have not seen the daily pull back reverse as of the end of last week.


“Day Trader” column for November 18 – 2009

Last week I wrote of needing a weekly pivot point to form to the upside, after the reversal candle of the previous week.