Forex Trading and other Market Talks Blog

Trading Code Revealed has proven trading information and trading systems that help determine Forex, S&P500, Gold, Silver, Corn and other Index market trading price ranges.

Our approach is simple. Have 2-3 trading tools that each do what you need to put together your own trading system for success.

Our webiste is great for traders who are exploring new innovative ideas in hopes of creating a trading home business.

Jul 4, 2008, Forex Trading and Curency Market Ideas

Basis Forex Trading information using the Daniel Code to pick entry and exit points.

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Jun 30, 2008, Futures Market Focus

Huge Gains in Oil Takes a Barrel to Record High.

Crude futures continued to benefit from ongoing supply concerns and persistent weakness in the U.S. dollar. Crude rallied today to an all-time high of $142.99 in electronic trading on Globex. August crude eventually settled at a record closing price of $140.21 per barrel, a gain of 57 cents for the day and 3.6% for the week.

Read about the Daniel Code and learn how to trade it to make huge profits in OIl Futures. Daniel Code Charts provided.

Jun 30, 2008, Currency Trade | Dollar | Currency Forex Market

The currency trade tends to force traders to be influenced by greed and fear.

Jun 30, 2008, Forex Trade Software | Forex Trading | Foreign Exchange

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Jun 30, 2008, Forex Trade | Foreign Exchange | Trade Foreign Exchange

The Forex Trade that is most successful is one of six major currency pairs.

Jun 30, 2008, Forex Trader - Foreign Exchange Trader - Currency

An average Forex Trader can make a living out of trading the forex part time

Jun 29, 2008, Day Trading | Trading Currencies | Forex Market

Day trading the forex market is a great place for a novice to get his/her feet wet and maybe make some great profits

Jun 27, 2008, John Needham's Latest Article Release

"Good morning,
 
My new weekly article "Heresy, Hypocrisy and Hot Air" is now available at the Danielcode Online or Financial Sense at:

I really enjoyed writing this article and it raises some important questions that may matter to your children as well as to you. Please let me know how you feel about these issues. If you enjoy the article please post it wherever you can and forward it to your friends.
 
I suspect the world would be a better place if more people knew this stuff."

If you are coming to my site here for information and then not reading John Needham's articles, then you need to ask yourself why you wasting your time.

The Daniel Code Click Below

Jun 25, 2008, Currency Trader | FX | Trader's | Money

Become a currency trader on the Forex and follow a game plan that will assure profits

Jun 25, 2008, Gold Trend Charts -- NEW

THE DANIEL CODE ONLINE:

23 June 2008-Gold Trend Charts Comex Gold- The monthly chart is on a Sell signal. The Sell failure point is at 938.40. A monthly close above 938.40 will negate the current Sell signal.

The weekly chart is on a Sell signal. A weekly close above 914.70 will negate the current Sell signal.

When both the monthly and weekly charts are showing the same directional signal we assume that the signals reflect the current trend. When the monthly and weekly charts are showing different signals we assume that there is no dominant trend and the market is consolidating. The first signal on a trend reversal is always exit MOC.

$HUI-The monthly chart is on a Sell signal. The failure point for the monthly Sell signal is at 461.10. A monthly close above 461.10 is required to negate the current Sell signal.

The weekly chart is on a Sell signal. The weekly Sell failure point is at 423.60. A weekly close above 423.60 is required to negate the present Sell signal.

When both the monthly and weekly charts are showing the same directional signal we assume that the signals reflect the current trend. When the monthly and weekly charts are showing different signals we assume that there is no dominant trend and the market is consolidating. The first signal on a trend reversal is always exit MOC.

May I Respectfully Ask Why You Are Not Making Money In Gold By Using The Daniel Numbers?

Jun 19, 2008, Dems to 'nationalize' big oil?

"The industry of big oil has become so bad, so evil, that Democrats think it's high time the government steps in and basically runs Universal Oil Care. They want to nationalize big oil. The only thing funnier than the ridiculousness of this idea would be actually watching the government find a way to lose money running the oil industry. First Maxine Waters told oil executives that 'this liberal' would socialize oil companies, then House Democrats proposed nationalizing oil refineries. They aren't even hiding it anymore!" Read the full story at GlennBeck.com

Jun 19, 2008, US Cracks Down on Oil Speculators

Oil prices are volatile and rising. This is hitting American consumers and businesses hard. Some of the volatility and price hike has been blamed on oil speculators. The US Commodity Futures Trading Commission wants to limit overseas trading.

US regulators have announced plans to impose limits on oil trades overseas.

The US Commodity Futures Trading Commission said the London-based electronic exchange would have to comply with US rules.

The move comes as oil prices notch up record highs, amid fears that speculators are distorting the market.

As a result, fuel costs have shot up hitting the global economy. Airlines have been hit badly, with near record losses expected for 2008 in the US.

Taken from and Read more at geology.com

How might that effect your next trade in oil. I suggest you consider the thedanilecode.com to see if that news changes what oil may do on the daniel numbers.

Jun 18, 2008, How To Trade Forex | How To Manual | Tips

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Jun 18, 2008, Successful Forex Trader | Money Management | Risk Management

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Jun 18, 2008, T.03 GBP-USD June 16th

"Today's T.03 tip on GBP-USD worked out pretty nicely. We were overdue for a biggie like this. Fun!"

The GBP-USD currency pair traded on the Forex made a huge move yesterday predicted by the John Needham's T.03 Turn predictions prior to the move.

Learn more abot the T.03 Time Turns at thedanielcode.com website.

Jun 13, 2008, Central bank body warns of Great Depression

IF YOU HAVE TIME TO READ ONLY ONE ARTICLE THIS WEEK, I ENCOURAGE YOU TO READ THIS ONE.

Central Bank Body Warns of Great Depression

Jun 13, 2008, Universal Turn on the daily charts?

Here is a great way to check out the accuracy of the Daniel Code Charts. John Needham made this post yesterday.

Per TheDanielCode website:

"US markets have only been open for 30 minutes and I could be wrong by lunchtime and of course I am only looking at daily charts BUT it is all knowledge. This is what I wrote to a colleague just a few moments ago:

Of interest today purely from a charting point of view are FTSE and DAX trying to turn at their DC targets (UK client charts from today's update are attached), India's NIFTY reversing from its DC targets, DJ and $SPX reversing where they should, Corn and Soybeans and Wheat putting in what looks at this early stage to be reversal bars at the numbers and one of our newer markets $RUT turning where it should also. Aussie SPI is the outlier so will be interesting to see what it does but likely any turn there will come on SYCOM for which Genesis don't have data. I assure you no one is more amazed at what these numbers do than I am! Learn More Here------>

Jun 6, 2008, Ka-Ching Ka-Ching

We at last have a Danielcode Trading Manual and updated FAQs which are available at their relevant sidebars. Most of the work on these docs has been done by a DC member and I am sure they will be hugely helpful. For those sturdy souls who have largely had to find their own way around the Danielcode, thank you for your patience and I am sure there is much to learn in the new documents.

I checked this out earlier today and found both to be exceptional in detail and helpful in taking action.

Summer is on us and with oil at another new record high today the daniel numbers become even more helpful.

The wheat contract seems like it died and John has added a new chart this week for Soybeans. "Beans, Beans the musical fruit". More like Ka-Ching Ka-Ching.

We are adding many new pages to the site this month with good information for newbie traders wanting to get their feet wet.

This is great time to subscribe and try out the daniel code for a month while the markets are adjusting for the summer months.

The subscription is probabably a tax deduction for you and the month will surely tell you if the code is your next best change for huge profits.

Best of Success in Trading!

BobH

May 24, 2008, You Are Invited

In financial markets love does not conquer all, so even the greatest lover needs to know how to tell when a trend is over. At the very least trend followers need to have a strategy to deal with the end game. Shorter term swing traders also have to know when to step off the ride, and daytraders always have their exit weapon primed and cocked.

For you lovers of all things property and gold I leave you with Dorothy Parker’s thoughts to ponder, all the more powerful for coming from the other team. Part of our trade intelligence is always to know what the other side is thinking. Here it is:

By the time you swear you're his, Shivering and sighing, And he vows his passion is Infinite, undying - Lady make note of this: One of you is lying.

- - - Dorothy Parker "Unfortunate Coincidence"

I invite you to visit the Danielcode Online website where members can get all the Daniel numbers for the wide range of markets we cover.

May 24, 2008, Trades of The Money Men

This weeks trading article "Trades of the Money Men" is now available at the Danielcode website. In it we look at the turning points of Oil, Gold and examine the week's trading in the equity indices. Next week promises to have expanding volatility and a number of markets are near important turns. Find out which markets and their turning points at the Danielcode Online.

May 20, 2008, S&P 500 and The Daniel Code

We are experiencing terrific results this week with the S&P and the Russell including reversals on the DC charts within 3 ticks.

S&P -- John Needham writes, "S&P daytraders had 1441 as an intraday target from the 151m (F) chart on Monday. The intraday high was at 1440.70 just 3 ticks away.

Russell -- "Russell day traders had a nice trade on Monday when the index turned down at 747.99 against its DC target of 747.88. All DC lines are valid and often the index is more accurate than the cash, so futures traders must always be aware of what the cash or index is doing. The index actually is the market."

It is worth your time and money to try the TheDanielCode membership for a month to see what and how it all works.

May 15, 2008, Anybody Watching The S&P 500?

"Hmmm.......Anybody been trading S&Ps? From the 151 minute chart we got the turn on Friday at 1383.70 against its DC support of 1384.55. From that turn our first two DC targets posted on Sunday were 1414.15 which it ignored as it raced straight through and the next target was 1421.90 which stopped it cold. The intraday high was 1421.50!! Some part of 37 points at $250 per point made my day." TheDanielCode.com website

Do you get what I say: Markets know the Daniel numbers.

May 14, 2008, Huge Transfer of Wealth

Jokers Down Under... Avarice and Greed by John Needham, The Daniel Code Report | May 9, 200

"Greed and avarice followed to its logical conclusion becomes the backbone of modern capitalism, where businesses squabble for benefits that inherently transfer wealth from nations and communities to individuals. The real “Wealth of Nations” is systematically transferred to preferred individuals through patronage which stems from power."

A must read article written by John Needham, the author and developer of The Daniel Code website.

I have been writing and talking with everyone I know about the huge transfer of wealth that is underway in our country and internationally.

When are you going to stand up and take notice? Click here now to read the full story.

P.S. Only a couple of hours left to get your free 10 day, no obligation trial offer from The Daniel Code complete with all charts, forum and "turn" signals.

May 13, 2008, T.03 And Forex

The following was taken directly from thedanielcode.com website.

"For those of you not trading Forex, let me tell you that it is the easiest and most profitable market to trade. For today I posted T.03 time turns for 5 forex pairs. New daily and weekly forex charts and the T.03 signal were posted here by midnight Sunday. We get working early down here. At the end of the European session (forex is a genuine 24 hour market) all of them had turned at their DC numbers as foreshadowed by the T.03 signal and were showing the following figures. Note that I say "ticks" for anything on the right side of a decimal whereas forex guys like to talk of "pips". I always thought pips came in Oranges so I use the old terminology, but they mean the same thing.

EUR-JPY + 125; GBP-CHF +225; GBP-JPY +253; GBP-USD + 110 and SGD-JPY +92. That's 805 ticks at an average tick value of $10 equals $8050 per one contract for half a day's work! "  By John Needham

Please take advantage of the FREE 10 Day Trial found at the site. It will allow you to have all the information you need to help you make sound trading decisions.

May 6, 2008, FTSE, DAX, SENSEX and NIFTY Indices

This week's special charts of UK FTSE, German DAX and India's SENSEX and NIFTY indices are posted under free charts. I will get the other Asian/Pacific indices updated on Tuesday. Compliments of: TheDanielCode website

All usual charts have been updated at 4:15AM Monday US ET other than 4 hour forex which will be up in an hour.

May 3, 2008, Dollar & Ducks

"The unfolding story of the US Dollar’s daze and its counter intuitive reaction to Wednesday’s Fed rate cut combined with its linkage to multiple spread trading and carry trade strategies make this our obvious starting point to explain some of the markets recent mysteries. That the interests of so many investors are linked to DX, whether they know it or not, has been stated here on many occasions. That the majority of investors continue to ignore this linkage is to their detriment.

DX

Today’s Bloomberg headline signals growing awareness that at least an intermediate low is likely in for DX:

Dollar Rally Bloomberg 05/01/2008. The dollar advanced to a five-week high against the euro and increased versus the Japanese, Swiss, British and other currencies a day after the Fed cut its benchmark rate by a quarter point to 2 percent and signaled that if may be finished reducing borrowing costs."

Please read the rest of this article at TheDanielCode website.

May 1, 2008, Forex

Euro crosses are hard down as DX gathers strength against all logic except the Danielcode which picked the low in DC to 30 ticks as far back as February!! T.03 turn in USD-CAD is looking fancy. I might be wrong by lunchtime so thought I'd post while I am ahead!! TheDanielCode website May 1, 2008

Apr 29, 2008, New Daniel Code Charts

All of the charts for the new week have been posted at 2AM Monday US ET,including the 4 hour forex charts New Asia/Pacific charts posted are interesting particularly the monthly Rice chart. TheDanielCode web site

Apr 27, 2008, Elegant Global Summary

America, of course, is already in recession – although the cascade of defaults, business closures, and job losses has barely begun.

Japan is in recession too, according to Goldman Sachs;. Britain, Ireland, Spain, Italy, and New Zealand, are tipping into housing slumps and demand implosions of varying severity.

Ontario and Quebec have stalled. Canada’s growth is the weakest in fifteen years, hence the half point cut by the Bank of Canada yesterday.

Australia is on borrowed time, whatever the price of coal and iron ore.

Household debt is 175pc of disposable income, up in La La Land with England, Ireland, Denmark, and the Dutch. The wholesale funding market for mortgages that underpins this nonsense remains frozen.

Together these countries and regions make up roughly 45pc of the global economy, and over half global demand.

Europe will suffer 40pc of the entire $940bn global losses stemming from the credit crunch. Euro banks alone will lose $123bn (compared to $144bn for the US). "Loss recognition will need to catch up," said the IMF.

The report contains a grim chapter on what may happen along the vast arch of over-heating silliness from the Baltics to the Black Sea, funded by Austrian, Swedish, German, Belgian, and Italian banks." Ambrose Evan-Pritchard at the Times Online

Please read the whole article at TheDanielCode web site. If you think you have the luxury of not using every available trading "arrow" in your quiver then you are mistaken.

The author now provides an additional indicator that helps to make clear the meaning of the Daniel Number.

"To clarify your thinking I am providing some signals from one of my proprietary turn indicators that does a pretty good job of identifying turns. The signal is made at the end of a daily bar and the signal is either “On” or “Off”. The signal usually lasts for 2 days but can be just 1 day or extend to 4 days on occasions." JC

There is a away for you to have John take you by the hand and lead you to success. But you have to go there to lran about it. Go There Now!

Apr 26, 2008, "So bye-bye Miss America Pie"

This week's article for FSO "So bye-bye Miss America Pie" is now available at http://financialsense.com/fsu/editorials/danielcode/2008/0425.html or at the Danielcode website. I enjoyed writing this one as it brought back fond memories of long ago. I hope you enjoy reading it. TheDanielCode Website John Needham Author

And If you are interested there is a uTube link at The Daniel Code at the top of the page:

>>> Don McLean - American Pie (YouTube) <<< "Grab a bottle, click on the link and let the years roll away!!"

Apr 25, 2008, Testimonial -- The Daniel Code

I found DanielCode.com on Saturday February 9th. I am a regular reader at FinancialSense.com but for some reason had not taken my time to read your articles. I really wish that I had found you much earlier.

When I joined danielcode.com I was already in 6 Ultra Short ETF”S that had gone far against me as of the 8th. I had kept thinking that this market had to turn and go down.

After subscribing I got the new charts for the S&P (SPX) and the Dow (DJIA ). I read as much as I could about how the daniel code worked. It looked like what I needed to do was cut my losses first thing Monday the 11th which I did early in the morning using the charts you put up Monday pre-market. On Monday I got OUT. Took a huge loss and really beat myself up for the rest of the day and night.

Tuesday the 12th when I looked at the index futures per-market and then looked at your charts for the S&P and the DJIA, I got ready to jump back in. I followed the charts (with sweaty palms) and went long Ultra Long DDM and SSO right where the charts indicated…followed the prices up and when they both double topped mid morning closed each out for a nice profit.

Then I bought FXP Ultra Short later in the morning and let the trade take me back down close to what the DJIA chart had the danilecode. Closed it out for another nice profit.

Not sure I am supposed to day trade the danielcode but it worked today.

By the way, the OTHER service that I have been a member of for over 3 years put out a signal to go short Monday the 11th mid-day. I Didn’t!

I need to learn a lot about how to use the DanielCode and I also need to learn how to trade Futures and the Forex.

If I had been in a Futures trade this morning on both the DJIA and the SPX I would have made enough to cover my earlier loss and then made a significant profit. Bob Arizona

Apr 25, 2008, S&P 500 & Dow

"S&P 151 minute chart had DC at 1398.80. Intraday reversal high was 1399.0. DJ had DC resistance at 12949. Intraday high for reversal was 12940 just 9 ticks away AND those charts haven't been changed since Sunday!! Markets know these numbers and others don't" TheDanielCode Website

Apr 23, 2008, Daniel Code Price Levels

"The allowable variances from target for the Danielcode price level are set out in the members forum but the rule of thumb is that we have a qualified setup bar in forex if the high/low of the daily bar (high if going up and low if going down) is within 40 ticks (pips) of a DC number. For other markets the usual variance is +- 0.0025 or 0.25%."

Taken from Danile Code Website

Most of the people following what we are doing here are astounded at the accuracy of the Daniel Numbers, once they understand how they work.

Non-believers are turning at record rates.....which isn't surprising considering the amount of money that is being made and the reduced level of stress in each trade.

Apr 18, 2008, GOLD

From last week's article "Hostage Gold" for FSO: "

The missing link in this back of the envelope type of thinking is that it fails to take into account the 600lb gorilla in the room; the US Dollar. I have made the point in previous weeks that Gold is now powerfully entwined as a carry trade with USD ... For those of you with a mind for detail look at the lockstep inverse correlation between DX and Gold on a daily chart since 17th March. DX up: Gold down. Until investors grapple the initiative from traders, Gold remains hostage to the almighty Dollar.

Did you read it? Did you remember?

TheDanielCode Website April 18, 2008

Apr 12, 2008, Gold & Silver -- Corn

Gold made a nice turn on Thursday at 943.40 against its Daniel number at 945.90. Silver was even better turning at 1844.0 against its DC number of 1842.5. If you had these numbers you knew what to expect.

Corn made a dramatic charge on Wednesday to 616^0 before being turned back by its Daniel number at 616^6. It is now at 591^4!!

TheDanielCode April 6th

Apr 5, 2008, "The Danielcode is the solution to many of the markets’ puzzles."

"I invite you to read this report under the “Trading Reports” tab at the Danielcode Online. When you have reviewed the material including the charts in this and previous Financial Sense articles available in my FSO archives, you might ask how a new and largely unknown analytical method can determine turning points in so many diverse markets with deadly precision. Do all markets trade the same and respond to the same number sequence?"

Copyright © 2008 John Needham John Needham is a Sydney Lawyer and Financial Consultant. He publishes The Danielcode Report and writes occasionally on other markets.

Apr 2, 2008, Daniel Code Unique Price Levels

"The Danielcode gives unique market price levels that markets recognise but others do not see. It does this on all time frames but daily and weekly charts are best. The Danielcode says nothing about time. What I do is create the Daniel numbers. How you use the Daniel numbers is up to you." The Daniel Code Website FAQ

Apr 1, 2008, Daniel Numbers Success

"Great Trading Week 29 Mar 2008

We have had another great trading week as gold, silver, bonds, corn, oil, forex and equities have turned at their DC numbers with precision. You should all have put a good chunk on your P&Ls. Don't get obsessed with one or two markets, Scan as many markets as you can to see which have a setup bar.

For those who still don't "get it", read "Interesting Hypothesis or Trading Edge?" under the Articles tab and "S&P stands for Simple and Profitable" The trading articles now have big red stickers on them.

I am doing a CURRENT TRADING summary over the weekend to highlight our latest results.

I am going to close the $49.00 simplified Daniel number members category soon. This stuff works precisely because the number with access to it is limited so if you have been thinking of joining now is a good time." The Daniel Code Website

Mar 29, 2008, Forex Daniel Numbers -- Winning Trade

Forex and CME currency markets continue to track their Daniel number sequences with great precision. As I cover 16 forex pairs and 5 CME currency contracts, space doesn’t allow me to show you more but I particularly enjoyed this chart and its comment: “Very clever market. 2 DC targets; 2 hits!” --TheDanielCode Website

Mar 28, 2008, Daniel Code Update

Mid week updates have been poste for the Daniel Code (DC) Numbers.

Check out the Corn Futures Charts---hitting right on.

S&P Daily Charts very accurate.

Mar 22, 2008, Daniel Code Charts

"Thursday update charts are posted. Gold went straight to its 2nd DC target. $120 off the high and you could only see it with the DC numbers." The Danile Code

Mar 19, 2008, March 18 Evening Trading

Good evening,

Daniel number for S&P on Monday was 1260.50 from the weekly futures chart and 1260.60 from the 151m chart. Monday's low was 1258.00 a variance from target of 2.5 points. Our normal variance for this market is 3 points. The S&P futures closed today at 1334.00 a 76 point move in 2 days.

The Daniel number for the Dow Jones Index on Monday was 11740.10. The low was 11757.80 a variance of 17.8 points. In the futures the DC number was 11665 and the low was 11686 a variance of 21 points. Our normal variance for this market is 30 points. The Dow index closed today at 12392.62 a 635 point move in 2 days.

Did you have the Daniel numbers?

Mar 18, 2008, Daniel Code Update Trading Levels

The Danielcode number for gold from the daily chart was 1034.10. Monday's high was 1033.90. It is now at 1002.40.

DC number for Silver was 2139.50. Monday's high was 2144.00. It is now at 2014.50.

Daniel number for Oil was 111.90. Monday's high was 111.80. It is now at 104.73.

Monday the S&P turned within 3 points of its DC number and DJ turned within 18 points after commentator's calls for a 400 point meltdown!

What more is there to say! Per the daniel code website

Mar 17, 2008, Prophesy or market madness?

Taken From The Daniel Code: "We posted the forex 4hour charts on Sunday afternoon NZ time; that is about 3-4AM Sunday US ET. Today we have had panic trading with extraordinary moves in most pairs. I have just redone the 4h charts. With one exception that was scaled off the page, Sunday's 4h charts have defined today's moves so far, that is on 5 of the 6 4h charts posted Sunday, the limit of the "panic" moves were to Danielcode levels. For those of you awake and trading it was an amazing spectacle. Gold and silver too spiked right into their DC numbers. For those who saw this please email me and tell me if seeing is believing. For our US friends who slept through the drama, you missed a fun day."