Daniel Code Number

A Daniel Code number coupled with reversal signals will insure that your winning trades will skyrocket. The only goal in trading is to make money. The key is to have studied long enough and developed a firm understanding of what a key reversal signal looks like and when to use it.

Don't get caught up in spending your time trying to figure out which reversal method works best. Select the signal that has the highest probability of success. Pick one that you like to use and have confidence in using on a regular basis.

The goal is to be able to buy the lows and sell the highs. The sub-goal is to be able to do this with confidence. The process needs to be enjoyable and profitable. If it's not then trading becomes like being caught in a trap, unable to get away. The Daniel number helps to guide you with precision.

Learn that it is not about being right or wrong and that element should not be important. Know for certain that you nor I or anybody else can predict where the market will go in the future. The Daniel code number does not predict the markets.

Consistency in winning trades is what makes the difference between a trader who is a "loosing" trader and a trader who is a "winning" trader.

Michael Jordan once remarked that he fails on the court 50% of the time However, he was the most successful shooter on the court in the history of basketball.

Many successful commodity traders talk about making huge amounts of money over time with only 20% success rates per trade.

A high probability reversal signal happening at the same time that the  DC number come into focus helps you determine whether or not a high probability of success can be achieved by entering a trade at a certain point. The same is true if you are in a trade looking for a profit target.

Some of you will be short term traders and some will be swing traders. All of you will have different profit targets which is OK as long as they are near a Daniel code number and a key reversal signal is in play. Some of the Daniel code numbers particularly on the longer term charts are accurate to a few ticks (pips to you guys); others will be plus or minus a point or three but usually less than 50 ticks.

How you trade is your business as each of us has a different emotional makeup but I can tell you that the longer term charts have fewer Daniel code numbers to worry about and make more money.

What if there is no reversal?

What do you do if a reversal signal is in play and The Daniel Code trading number is "happening" and no reversal takes place. If the market doesn’t recognize the Daniel code number, it is not operative at least in the current move though it may well become support/resistance later, but in the meantime you should be taking continuation trades or at least assuming the previous trend is intact.