Last season Newcastle endured a terrible run in November and December, winning just two out of 11 games.
This season, the same spell has seen them chalk up 22 out of 30 available points and Pardew can afford to look up, from eighth position, rather than down at a potential relegation battle.
Pardew said with a smile: "I feel like I am standing on top of the world at the moment compared to where I was last year.
"You have to have faith in your ability and faith in the work that you do. As a manager, you know you have ups and downs unless you are at one of the very, very big clubs and are fortunate enough to have the finance to have 22 full internationals, like Manchester City and Chelsea and Manchester United and Arsenal.
"We haven't got that luxury, so it's not a great day every week, and you have to accept that."
Meetings with West Brom have been hard-fought affairs in the last few years.
Pardew said: "They are usually tight games and it's difficult at their place. I always feel they score, West Brom, when they are home, so you have got to get two or three goals if you are going to win."
Two seasons ago the Magpies won 3-1 at the Hawthorns, and drew in April last season.
Pardew said: "We were brilliant (two years ago) and last year was even better because the point we got there was like gold-dust. It was a really tough game.
"Actually, if someone had said to me before these two fixtures, 'Would you take three points?', I probably would have because they are tough games.
"We have got a chance of getting those three points and I would be absolutely delighted if we could get three points at West Brom. I would look back on these two games and think, 'That's a good result'.
"There are a lot of games to be played between now and the end of May, and we are in great shape. We lost on Sunday (1-0 to Arsenal), but not in any manner which disturbs me."