Forex
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How Momentum Scanners Spot Explosive Stocks Before They Go Parabolic
15 April 2026 , Abe Cofnas
A momentum stock scanner is a real-time tool that picks up on sudden bursts in price movement, rising volume, and signs of breakout pressure; before the rest of the market catches on. By the time a stock appears on a “top gainers” list, most of the early upside is usually already baked in. A momentum […]
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Trading the Last Point of Supply (LPSY) in Wyckoff Distribution
14 April 2026 , Abe Cofnas
Mastering the Last Point of Supply (LPSY) is essential for any trader looking to navigate the final stages of a Wyckoff distribution phase. While many retail traders are lured into buying late-stage rallies, Wyckoff analysis teaches us that these moves are often the last gasp of a dying trend. By identifying the LPSY, you gain […]
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MetaTrader Chart Settings Guide
14 April 2026 , Abe Cofnas
Price charts play a crucial role in market analysis, and any change in their display can directly affect the accuracy of decision-making. Becoming familiar with the customization options and making proper use of metatrader chart settings in both versions 4 and 5 allows traders to view data more clearly and understand trends more effectively. This […]
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A Complete Framework for Trading the Adam and Eve Reversal Pattern
13 April 2026 , Abe Cofnas
Double bottoms and double tops are among the first reversal patterns traders encounter, but not all double formations carry the same weight. The Adam and Eve chart pattern is a specific variation where the two troughs (or peaks) have distinctly different shapes, and that structural difference is what gives it an edge. In this guide, […]
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The Insider’s Guide to Power Hour Stocks and Closing Hour Strategies
12 April 2026 , Abe Cofnas
Power hour stocks usually refers to trading during the final hour of the regular US session, when activity often picks up and order flow becomes more aggressive; in trader slang, some people also use power hour for the opening hour, but the close is the one most traders mean because the NYSE core session ends […]
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NFP Trading Strategy: How to Trade Non-Farm Payrolls in Forex
12 April 2026 , Abe Cofnas
On the first Friday of every month, the foreign exchange market holds its breath. At 08:30 Eastern Time, the U.S. Bureau of Labor Statistics releases the Non-Farm Payrolls report, and within seconds, major currency pairs can move 50 to 100 pips or more. For traders with a plan, this volatility creates opportunity. For those without […]
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Overbought vs. Oversold: What Do They Mean in Trading?
8 April 2026 , Abe Cofnas
In modern trading, “Overbought and Oversold” are two of the most widely used concepts in technical analysis. You see them in stock screeners, crypto dashboards, Forex platforms, and trading bots. But many traders misuse them, treating every overbought or oversold signal as an automatic “sell” or “buy”. Reality is less romantic. Overbought and oversold zones […]
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Why Banking Risks Are More Severe Today Than Ever Before
6 April 2026 , Abe Cofnas
Although banks are the lifeblood of the modern global financial system, they are also the first institutions to become vulnerable to economic and political storms. The risks facing banks today are more complex, faster-moving, and more costly than ever before. Why have these banking risks become more acute than ever? What factors can cause even […]
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How to Build and Test a ChatGPT Forex Trading Bot
6 April 2026 , Abe Cofnas
ChatGPT does not execute trades in the market. It helps you design, write, and refine a trading bot that runs inside MetaTrader or via a broker API. That difference matters because you are not making an AI trader. You are shipping software that must survive insufficient data, bad fills, and bad assumptions. ChatGPT is a […]
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What Is Daily Bias? A Guide to Identifying Market Direction
5 April 2026 , Abe Cofnas
Success in trading isn’t about predicting the future with precision; it’s about accurately understanding the present state of the market. One key concept that helps achieve this understanding is the Daily Bias, or the market’s directional tendency within a single trading day. Many traders enter positions without first identifying the day’s bias, and despite solid […]
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