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 November 06 – 2008

Last week our main Market Indices closed on their highs for the week, however they all, also made new lows for the week which means they will have to close this week above last weeks’ highs before we see a weekly pivot point form.

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“Day Trader” column for October 08 – 2008

For the first time in a long time our Market looks as though it is setting up for a reversal of the downtrend.

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Day Trader column for October 01 – 2008

We nearly had a Weekly Pivot Point on the Index last week but not quite. There were however around eighty stocks which formed weekly pivot points.

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“Day Trader” column for September 24 – 2008

After nearly a year the market finally made some decisive moves last week.

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“Day Trader” column for September 17 – 2008

No joy in the market last week. The All Ords made a lower high and a lower low but did not form a weekly pivot point which would cancel the weekly pivot point reversal of the downtrend three weeks ago.

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“Day Trader” column for September 03 – 2008

At long last the weekly pivot point reversal I have been so patiently waiting for on the Index was formed by last weeks’ price action.

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“Day Trader” column for August 27 – 2008

Again, no weekly pivot point reversal on the Index last week. However, we did see a number of stocks in the energy and resource sectors form weekly pivot points.

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“Day Trader” column for August 20 – 2008

Last Thursday I thought the market looked certain to form a weekly pivot point, my first indication of a market reversal.

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“Day Trader” column for August 13 – 2008

After twelve weeks of a downtrending market, last week finally saw the beginnings of what may be a reversal of this recent trend.

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