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Columns/DiaryDarryl 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. < Previous 56789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354 Next >
“Day Trader” column for October 14 – 2009Our market had a good run up last week, but on Friday formed a reversal candle and in the process also formed a five point reversal pattern indicating we could see a pull back from this level.“Day Trader” column for October 07 – 2009Tuesday last week the market behaved as though it was beginning the final assault on the 5,000 level, but when it did not go on with the job on Wednesday and the chart for the SPI Futures contract formed a clear reversal it put doubt in my mind and when Thursday closed well down and there was another reversal on the Futures contact it was clear we were going to see at least a short term correction.“Day Trader” column for September 30 – 2009Last 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.“Day Trader” column for September 23 – 2009Judging by some of the emails I have received recently, there is some confusion over my interpretation of potential targets.“Day Trader” column for September 16 – 2009Our 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.“Day Trader” column for September 09 – 2009Our 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.“Day Trader” column for September 02 2009Our Market opened last week on its weekly low and closed on Friday a couple of points off its high for the week.“Day Trader” column for August 26 – 2009As 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.“Day Trader” column for August 19 – 2009Friday 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.“Day Trader” column for August 12 – 2009Our market continues to show strength despite a couple of down days last week. |
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