Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
The Quasimodo Pattern: How to Read It and Trade It
Short answer: the quasimodo pattern is a reversal structure that looks like a lopsided head and shoulders. In the bearish version, price prints a high, then a higher high, then breaks below the…
Risk On Risk Off: How to Read Sentiment Shifts in Forex, Indices, Metals and Crypto
Short answer: risk on risk off describes the two moods that global markets swing between. In a risk-on phase, investors want return and buy equities, commodity currencies and crypto. In a risk-off…
The Rounding Bottom Pattern: How to Identify and Trade It
Short answer: a rounding bottom pattern is a slow, bowl-shaped bullish reversal. It forms when a decline decelerates, flattens into a quiet floor, then curls back up at a gradually steepening…
What Is the Santa Claus Rally? A Practical Guide for Index and Forex Traders
Short answer: the Santa Claus rally is the tendency of the US stock market to drift higher over a seven-session window. That window runs from the fifth-to-last session of December through the…
Supertrend Indicator: How It Works, Where It Breaks, and How to Trade It
Short answer: the supertrend indicator is a trend-following tool that draws one line above or below price. The line sits a multiple of average true range (ATR) away from the bar midpoint. When…
The 2 Percent Risk Rule: How It Works and When to Halve It
Short answer: the 2 percent risk rule says you never lose more than 2 percent of your account on one trade. You fix the stop first, then work out the position size that turns that stop distance…
What is a Market Maker? Understanding Their Role in Financial Markets
Short answer: a market maker is a firm that continuously quotes buy and sell prices for an instrument and trades at those prices with whoever accepts them. If you are asking what is a market maker…
What Is a Short Position? How Shorting Works in Forex and CFDs
Short answer: a short position is a trade that makes money when the price falls and loses money when it rises. If you are asking what is a short position in plain terms, it is the sell side of a…
What is Anchored VWAP and How to Use It Effectively
The definition comes first. Anchored VWAP is the volume-weighted average price calculated from a user-chosen market event rather than from the session open. The anchor can be a swing high, swing…
Best Day of the Week to Trade: What the Structure Actually Suggests
Short answer: there is no reliably best day of the week to trade, and any source claiming one without naming its market, period and sample should be treated sceptically. What does hold up is that…
Bollinger Bands Strategy: A Comprehensive Guide for Traders
Short answer: a bollinger bands strategy uses three lines, a moving average with an upper and lower band placed a set number of standard deviations away. The bands widen when volatility rises and…
Can You Use ChatGPT for Trading? What It Does Well and Where It Fails
Short answer: can you use chatgpt for trading has a qualified yes as an answer. It is genuinely useful for explaining concepts, drafting and reviewing code, structuring a plan, and summarising…