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 June 16 – 2010

Last week the market formed a reversal candle which could be the beginning of the next leg down to between 3,900 and 4,080.

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Day Trader column for June 09 – 2010

If the All Ords reverses from last week’s high of just above 4,500 then we can expect to see the projections I discussed a couple of weeks ago come to fruition.

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Day Trader column for June 02 – 2010

Last week our market had what appears to be a bit of a breather from the downtrend of the previous five weeks.

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Day Trader column for July 28 – 2010

The stocks mentioned in last weeks column as liable to further falls, at least early in the week, did trade lower on the Monday and Tuesday.

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Day Trader column for July 21 – 2010

Last weeks rally in the market was pretty lack lustre. Wednesday July 14 was the only day for the week that the market actually moved with some enthusiasm, but by Friday half those gains had been taken back and many stocks across all price ranges had either formed daily pivot points or reversal candles to the downside.

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Day Trader column for July 14 – 2010

Last week our market bounced off support formed by the May low of 4,194 on the All Ords. As this low was not exceeded, the market still needs a weekly close above 4,643 to form a weekly pivot point, my signal to begin looking for long trades.

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Day Trader column for July 07 – 2010

The All Ords closed last week near its low for the week after a fall of 175 points for the week. The low for the week was just 55 points short of the May low, where some support and a possible reversal could take place.

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Day Trader column for May 26 – 2010

Last weeks rapid move down on the All Ords took the shine off most stocks.

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Day Trader column for May 19 – 2010

Last week I said our market would very likely meet resistance and reverse from somewhere between 4,675 and 4,750.

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Day Trader column for May 12 – 2010

The fall in our market last week was the largest one week fall since October 2008 and there has only been one other week in many years with a fall of a similar amount.

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