Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
What is the Donchian Channel and How to Use It in Trading
Short answer: the donchian channel plots three lines: the highest high over a lookback period, the lowest low over the same period, and the midpoint between them. A twenty period channel marks the…
The Double Bottom Pattern: Identification, Entry, and Risk
Short answer: a double bottom pattern is two troughs at a comparable price with a rally between them, appearing at the end of a decline. What it records is supply failing twice in the same zone,…
Elliott Wave Theory: Structure, Rules, and Honest Limitations
Short answer: elliott wave theory holds that market cycles unfold in repeating wave patterns driven by trader psychology. A complete cycle has a five wave move in the direction of the larger trend…
The Evening Star Pattern: Identification, Trading Strategies, and Insights
Short answer: the evening star pattern is a three candle bearish reversal formation in candlestick analysis. A tall up candle is followed by a narrow-bodied one, frequently a doji, and then a…
The Expanded Flat Elliott Wave: A Detailed Exploration
Short answer: an expanded flat elliott wave is a three wave corrective pattern where wave B pushes beyond the start of wave A, and wave C then extends past the end of wave A. It is labelled A-B-C…
Gold Scalping Strategy: Sessions, Setups, and Cost Control
Short answer: a gold scalping strategy takes small, short-duration positions in XAUUSD, aiming for a few points per trade many times per session. Gold suits scalping because it moves enough to…
How Many Hours Do Day Traders Work? A Realistic Breakdown
Short answer: how many hours do day traders work depends far more on strategy than on ambition. Screen time during market hours is typically two to four hours for most retail approaches, but total…
How to Trade CPI: Structure, Reaction, and Risk Control
Short answer: how to trade cpi means deciding in advance how to be positioned around the monthly consumer price index, which the Bureau of Labor Statistics puts out at half past eight New York…
How to Trade Crude Oil: Instruments, Drivers, and Risk Control
Short answer: how to trade crude oil comes down to three decisions. Choose the instrument, futures, options, CFDs, or an energy fund, since each carries different costs and obligations. Learn the…
The Complete Guide to the Ichimoku Cloud: Understanding and Trading Strategies
Short answer: the ichimoku cloud is a technical analysis system of five lines that shows trend, momentum, and support and resistance on one chart. The shaded area between two of those lines is the…
The ICT Silver Bullet Strategy: Windows, Setup, and Honest Limits
Short answer: the ict silver bullet strategy is a time-based intraday approach that looks for a specific setup during narrow one hour windows, most commonly 10:00 to 11:00 a.m. New York time.…
The Judas Swing: How the False Move Works and How to Trade It
Short answer: the judas swing is a false move at the start of a trading session that runs in one direction, takes out obvious stop loss clusters, and then reverses into the real move. The name…