Nagel, Darryl

Darryl Nagel started his trading career in 1986, trading share options on the Australian market. He was then a devotee of the Elliott wave theory. Over the past 10 years he has been a seminar presenter, workshop facilitator and coach of share options, shares, CFDs, forex, ETFs, futures and forex. Darryl has a special interest in the psychology of trading, presenting his ideas at seminars, creating his own workshops and writing articles. He presented a paper to the ATAA Sydney in 1996 which was published in the July 1996 Newsletter. He was admitted as a lawyer of the Supreme Court of NSW in 1970.  He worked in private practice for six years followed by a period of 30 years as a corporate lawyer with the Commonwealth Bank of Australia. Since 2006 Darryl has focussed on the law governing self managed superannuation funds. He has an RG146 in superannuation and in self managed super funds, and is an authorised representative under an Australian financial services licence. He sees his career now as an educator. Darryl does not give advice directly to the public. He liaises with SMSF specialists in providing high level strategies. Darryl continues to be a guest panellist as a technical analyst on “Your Money Your Call” on the Sky Business channel.

In this session, we will discover:

  1. Who created the PSAR?
  2. How the PSAR is calculated?
  3. The benefits of using the PSAR in your analysis whether for shares, forex or other securities.  
  4. Setting your stop loss using the PSAR
  5. Using the PSAR for your trailing stops.

In this session, we have a member who uses the ATR to demonstrate their use of the ATR in their analysis.We will discover:

  1. Who created the ATR?
  2. How the ATR is calculated?
  3. The benefits of using the ATR in your analysis whether for shares, forex or other instruments.  
  4. Three different ways you can use the ATR for creating objective rules and a strategy for yourself
  5. How to read this indicator correctly with forex.
  6. Setting your stop loss using the ATR
  7. Using the ATR for your trailing stops.
  8. Setting your profit target using the ATR. 

This presentation may appeal to not only MetaStock subscribers but also those members who have AmiBroker, BullCharts and TradeSim.

In fact all members will gain insight into the concept of repeating ranges, a concept taught by WD Gann and many others.

We will examine within the MetaStock System Test, 3 different formulas, reflecting the original formulas, the revised formulas to achieve a risk/reward of 1/3 and the formulas to identify a trend.

System test results will be chosen for ASX stocks, Forex and Indices.

We will provide the formulas used in this presentation in the ATAA MetaStock User Group SIG Forum.

MetaStock Formula Writing 101 

The agenda for the initial meeting will follow the following guidelines:

  • Discussion of Jeff Gibby webinar MetaStock Formula Writing 101 (Note: see link below for the video to watch before watching the meeting recording)
  • Review of:
    • Creating basic formulas
    • Prefilter Explorations
    • Using Variables
    • Practical Work Flows for MetaStock
  • General discussion
  • Your turn
  • If time permits, a presentation of a new addition to MetaStock 17 - QuoteCentre

 The agenda for the initial meeting will follow the following guidelines:

  • Introduction and welcome
  • How I use MetaStock for trading
  • Addressing members requests for assistance with coding
  • Links to resources
  • Suggestions


The relationship between Fibonacci, WD Gann, Elliott Wave, Heikin Ashi candles, Ichimoku and how to trade this relationship. 

In this presentation we will examine not only the theory but also the application of the theory. The technical analysis approaches that we will examine were devised at a time when there were no computers. The authors of each approach did not liaise with each other and yet they came to the same very powerful technical analysis concept of which we as traders can take advantage.

Prior to this presentation send Darryl any trades that you would like him to discuss if time permits. Note Darryl’s email address is 

Darryl Nagel will examine the markets demonstrating a trading plan using Ichimoku. This plan has a relatively high probability of success, subject to your individual trading approach.

He will use charts with live data provided by FINLOGIX, which is a free platform. Prior to the presentation you may go to to familiarise yourself with the charts prior to Darryl’s presentation. FINLOGIX has some excellent tools which make ICHIMOKU much easier to understand and to trade.

Darryl will examine the charts using an Ichimoku trading plan for the following markets and more:

  • Major FOREX pairs
  • Gold
  • Silver
  • Dow Jones
  • S&P 500
  • ASX 200

Trading Bitcoin futures using MACD divergence and Parabolic SAR

Are traders gambling? Is this why the majority of traders fail? What does the successful trader do differently? This presentation addresses these important issues.

Melbourne SMSF Seminar

Bitcoin will be the focus of this presentation but the analysis of trading Bitcoin applies to other cryptocurrencies. The Blockchain phenomenon will be discussed in the context of cryptocurrencies. Additionally, the twin worlds of Bitcoin will be discussed looking at the advantages and disadvantages of trading within each of these worlds. Darryl will show how he intends to trade Bitcoin using two technical analysis techniques that he likes to use with his own trading.

 The webinar video of the SIG meeting can be viewed by ATAA members.

The webinar video of the SIG meeting can be viewed by ATAA members.

The webinar video of the SIG meeting can be viewed by ATAA members.

This meeting discussed:

  • The creation of a written trading plan
  • Identification of risk
  • Entry approaches
  • Stop loss
  • Profit points
  • Trailing stops

The webinar video of the SIG meeting can be viewed by ATAA members.


The webinar video of the SIG meeting can be viewed by ATAA members.

 The webinar video of the SIG meeting can be viewed by ATAA members.


The webinar video of the SIG meeting can be viewed by ATAA members.

In this presentation Daryl will cover the following topics,
- The structure of a SMSF
- The 3 main requirements to enable a SMSF to trade.
- The obligations of Trustees
- The new penalty regime
- Taxation aspects
- Can an SMSF conduct a business?
- Possible changes to Limited Recourse Borrowing Arrangement

Melbourne SMSF Seminar

Darryl Nagel will present ?Trading through a SMSF ? the basics and some cool strategies.? He will examine what documentation you need to trade through an SMSF to remain complaint. We will look at recent changes in the law impacting upon SMSFs. He will show how he traded CBA shares and, call and put options, through his SMSF using a Limited Recourse Borrowing Facility using a Related Party Loan, as a potential worthwhile strategy.

Trading and investing can be undertaken within many legal structures. One of those structures is a Self Managed Superannuation Fund (SMSF). The question arises as to whether the regulator of SMSFs, the Australian Taxation Office (ATO) permits such undertaking? Many traders and investors have become disillusioned with the results of their company fund, or retail fund or industry fund and look to an SMSF. APRA has released its Annual Superannuation Bulletin based on 30 June 2012 statistics. Total super assets increased by 3.7 per cent during the year to 30 June 2012 to $1.40 trillion. Of this $439.0 billion was held by SMSFs. This was the largest proportion of super assets compared to all other types of super accounting for 31.5 % of total assets. The number of SMSFs grew by 8.0 per cent to 478,263 funds during the 2012 financial year. SMSF members held the largest average account balance of $480,397 compared with corporate funds ($101,825) public sector funds ($66,056) retail funds ($24,105) and industry funds ($22,916). The industry-wide rate of return for super entities with more than four members was 0.5 % for the year and 4.4 % per annum over ten years. No figures were published for SMSFs. SMSfs are not for everyone as they require an acceptance of responsibility and obligations as a trustee of an SMSF. A question often arises as to whether we are natural born traders? An examination of the mindset of a ?typical? trader is of assistance. The language used by traders can undermine their goals.