John Needham
Striker Securities Interview
Daniel Number Sequence

Daniel Code Online Interviewed by John F. Gallwas – Founder of Striker Securities. The entire Needham interview is provided here as shown at the Striker website called "striker.com"

John Needham is a well known and highly regarded author and market analyst in Australasia, who lives and works by the shore of Lake Taupo, New Zealand, over 8,300 air miles from Chicago.

Mr. Needham, through extensive research, has demystified Chapter 12 of the Bible's Old Testament Book of Daniel, using proprietary algorithms to convert the biblical "time" referenced into "price" point indicator for support and resistance levels of a market.

Mr. Needham, a Solicitor of the Supreme Court of NSW, Australia, is the owner of Danielcode Online that offers market educational and consulting services as well as a charting, FX advisory, and managed account programs. he discovered the Daniel Code Number Sequence and has successfully traded them for over 15 years. He shares that here:

John Gallwas: Tell our readers a little about yourself and what events may have precipitated your interest in the financial markets and trading.

John Needham: I was Chairman of two publicly traded companies when I was in my late 20s and I had quite an involvement with the Sydney Stock Exchange where the then Chairman and his family were family friends. My father was Chairman and CEO of another publicly traded company, the Manly Ferries, so stock prices and markets were always part of the family discussion. When I started my law practice I specialised in commercial law with a lot of corporate M&A activity, so that too kept me thinking about markets.

John Gallwas: What led you to the discovery of the algorithms that convert details contained in the Book of Daniel to what is now known as the Daniel Code?

John Needham: I became interested in trading financial markets 20 years ago. As a lawyer I assumed that I could learn trading techniques the same way so as I had learned the law so I embarked on the well worn route of buying every trading book I could and going to numerous seminars all over the world to be "taught" how to trade.

Seven years, $200,000 USD, and 400 flying hours later the realization struck me that either I was inordinately stupid or there was something radically wrong with my teachers because I still couldn't trade profitably.

About this time a very famous trading "guru" who can still be seen on financial television shows came into my Australian law office. He was involved in some unpleasant litigation in Melbourne, Australia and wanted me to handle his case.

At the time as I was issuing writs in the Supreme Court on his behalf and incurring costs in my law office I asked him give me a retainer, but he said he didn't have the money!! Here was this "guru", on TV every week, giving his view on markets and teaching people like me how to trade, that couldn’t pay my fees. The penny dropped with me then, and I concluded that none of the research including; Gann, Elliott Wave, patterns, mechanical indicators etc were going to help me become a successful trader.

I packed away the books, charts, whirling numbers, overlays, fancy computer programs and the rest of the detritus I had accumulated in my fruitless search for knowledge in trading and for two years suspended my market research.

But, gradually it dawned on me that I should think about the thing I knew; the law. "Why" I asked "is the law so certain. How is it we know what is legal and illegal?" The answer to that question is actually the answer to everything else.

Where do you suppose that our system of laws came from? Whether you think of yourself as religious or not, if you live in a western democracy you are living under a code of "common" law also called "Biblical" laws.

So as people turn to the law for guidance, this lawyer turned to the source of our laws, the Bible. And as promised, there it was in Chapter 12 "The Book of Daniel".

John Gallwas: How is the Daniel Code different from the other "indicators" that we are familiar with, and how can it be used to structure trading signals?

John Needham: The Daniel numbers are leading indicators as opposed to almost all other market tools which are lagging indicators, and this distinction is not generally known to market participants, which is important. In addition, the Daniel number sequence is not another variation of any known market analysis methodology because it is based on number sequences that are thousands of years old.

Finally the trading method we use is reasonably short term (1-3) days. Based on our experience, we believe that about 85% of market turns are made very close to the Daniel numbers. However, it requires analytical skills on the part of the trader to be able to distinguish between code numbers that recognizes a Daniel price level and code numbers that will turn the market.

John Gallwas: What services do you currently offer through the Daniel Code Online?

John Needham: The main function of Danielcode-Online is to provide the Daniel number sequences on a variety of markets. We cover a wide variety of cash and futures markets as well as 17 Forex pairs. We provide weekly and daily charts on these markets as well as some shorter term charts on selected markets. There are also time-turn indicators.

The basic service is available for traders and is used by them in making their own trading decisions. For those that don’t have the inclination or are unwilling to take the time necessary to actively monitor the trading indicators, a managed trading program using the Daniel numbers for the cash Forex markets is exclusively available through Striker Securities.

John Gallwas: Is there anything in "What's New" that you can share with our readers at this time?

John Needham: To our knowledge no one else had discovered our algorithms to decipher the numbers found in the Book of Daniel. Whilst we have used it for private trading and for a handful of private clients for some years, the trading world only heard about it in December 2007, when we decided to make the Daniel Code available to other traders.

The Daniel Code website, (see above) covers the basic approach to trading the Daniel numbers. The Trading Reports tab shows some of the trading results that the Daniel Code has achieved including some historic calls in Forex markets.

In addition the articles we have written for the "Financial Sense" report detail the discovery and development of the algorithms and their applications to a wide range of markets. We can say that the Daniel Code is new, unique and we think your forex traders will find it both challenging and amazing.

The entire John Needham interview is provided here as shown at the Strike website called "striker.com"

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