Danielcode T.03 Plus Update

by Dave

John encouraged all of us to wait for the markets to reset after the long Holiday period, see post below "New Year; New Week". This was vital information and another good reason why you should always read this News page. I hope that everyone was back in the markets before today's signals were issued. Of the eight markets that had signals issued in them today, every one of them was a winner. Some of them were big winners.

As I look back through the T.03 Plus trades issued since January 4 it is very obvious that the markets began to settle into their Danielcode rhythms toward the end of the week last week. Monday last week saw only two signals and only one of them elected – a winner in T-Bonds. Tuesday saw one signal issued and it didn’t elect. Wednesday saw ten signals issued four didn’t elect. Of the six that did three were winners and three were losers. Some consolation came in the fact that two of the losers gave us stop and reverse winners. Still, this isn’t a terrific result for us as traders. Thursday started to turn around though with seventeen signals issued. While I don’t get NFTY data and can’t vouch for the results in that market, I can tell you that six of those trades turned into winners and that the two losing trades gave us stop and reverse winners to help reduce the losses (ED: Thursday's Sell signal in NIFTY was elected; was a winner and is still going for the patient). By the time Friday rolled around we were back on stable ground with signals issued in six markets and the four that elected all gave us profitable trades.

Dave

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David Hunt
Director of Product Development

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