Perfect turn at the 62.5% retracement straight out of the DC Trading Manual. Only 6 members checked out this chart in the past 7 days. In forex you will get the best results if you scan all the pairs for setups, not just stick to your favourites. All forex pairs essentially trade the same so give yourself more opportunity.

Monday is Labor day holiday in US and a bank holiday in UK. Major markets will be closed. Friday's trading will likely be low volume and patchy. Forex markets will be open on Monday but they will be very thin and signals are highly suspect. You should just take the holiday and relax. There will be no T.03 signals issued for Friday.

We have very few website problems thanks to Tim's diligence but occasionally there will be a blip that needs attention. Please direct those matters to support@thedanielcode.com

I have done new monthly charts for all the markets we cover. Forex is posted and Metals, Equities and Misc will be loaded when Tim gets up in the morning (it's 12:12 AM Down Under). The interesting observation is how strong almost all markets are, considering the plethora of bad news in the Banking and Investment Banking sectors. The strength of the NASDAQ (to be posted under QQQQ) is astonishing. With my daily preoccupation with daily and weekly charts I have found it helpful to step back and look at the bigger picture. I hope you too find the larger view interesting.

Friday's T.03 sell signals in Corn and Wheat are taking hold with Wheat down on Friday and having a nice down day of 26 points on Monday. Corn was a bit slower to get the message but put in a nice key reversal outside bar on Monday. That should pay your subs for a while!!

From Monday's update "The first retracement now is 29.7%. Fast markets retrace 29.7% then 37.5%." Friday's low at 117^05.5 was against the 29.7% DC retracement at 117^03 which is why I highlighted its position with the above comment. Monday's trade into the next DC number at 118^27 was a great example of how markets react to these secret DC numbers. Some part of 56 ticks was there for those who knew!

I want to again draw your attention to the high degree of correlations that exist in financial markets. You will know the obvious; DJ and S&P and Gold and Silver. In forex a large move by a particular currency will often set up signals in a number of crosses. For example today we have trade signals in four separate NZD crosses. Obviously all of these trades have a high correlation with each other. You can obtain correlation tables from your broker or find them on the net. If you don't have them then just treat all possible trades as potential fills and reduce your position accordingly. In NZD today with four possible fills I will just take 1/4 of a normal position on each.

Other forex crosses have correlations that are not obvious so it is worthwhile getting the correlation tables.

I have today added coverage of the German DAX index at the request of members. It is a better index than FTSE which is a bit sloppy. For those interested in FTSE, it virtually replicates the DAX.  In future there will be one weekly chart per index, either cash or futures but not both. I have recently added Russell and QQQQ so we have to pare back somewhere. To convert cash or index to futures, just add the premium.

If you are trading forex and don’t have the DC numbers you haven’t a chance. Here is just a sample of what the DC numbers have done in forex this week. EVERY market has turned at its Daniel sequence number. This is a sample.

Apologies to all members who were affected by our recent hour of downtime.  We're currently talking to our hosting provider to ensure a more reliable service in future.

Tim