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 30 – 2009

Last week our market traded within a one hundred point range and the volatility increased towards the end of the week. Friday’s range was the highest of the week, but by the end of the day, and week, the close was just twelve points below the day’s high and thirty points below the week’s high.

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“Day Trader” column for September 23 – 2009

Judging by some of the emails I have received recently, there is some confusion over my interpretation of potential targets.

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“Day Trader” column for September 16 – 2009

Our market has been trading in a sideways pattern for a month and last week it finally broke above the range top which was between 4,500 and 4,540 on the All Ords.

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“Day Trader” column for September 09 – 2009

Our Market is still telling me it wants to move to around 5,200 before it meets any real resistance 5,500 is also a target level measured from the market action over the past twelve months.

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“Day Trader” column for September 02 2009

Our Market opened last week on its weekly low and closed on Friday a couple of points off its high for the week.

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“Day Trader” column for August 26 – 2009

As I expected our market took a breather last week. Monday it went down and consolidated for the next three days before falling sharply on Friday.

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“Day Trader” column for August 19 – 2009

Friday our market formed a reversal candle on the chart which is a sign we could see it take a breather, at least for a few days.

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“Day Trader” column for August 12 – 2009

Our market continues to show strength despite a couple of down days last week.

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“Day Trader” column for August 05 – 2009

It now looks very much like the All Ords is headed towards the 5,000 mark.

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“Day Trader” column for July 29 – 2009

Last week our market formed reversal candles on Tuesday, Thursday and Friday, so I would expect at least some form of correction this week.

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