Five successive wins have lifted Forest to seventh place in the Championship table, within two points of leaders West Brom.
Davies told the club website ahead of the trip to Crystal Palace: "We're very pleased with the way things have been going and there's no doubt we're on a very good run.
"In this business you're only as good as your last game and we have to remember that. But we're in the pack and that's the most important thing.
"If we can stay in the pack into December and January, it will put us in a good position for the run-in and then we'll see what happens."