Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
The Commitments of Traders (COT) Report: A Comprehensive Guide
Short answer: the COT report is a weekly breakdown of open futures and options positions published by the US Commodity Futures Trading Commission. It groups positions by type of trader, so you can…
Gap Trading Strategies: How to Navigate Market Gaps Effectively
Short answer: a gap trading strategy exploits the space on a chart where price opens away from the previous close with no trading in between. Gaps form when information arrives while the market is…
Inside Bar Trading: A Comprehensive Guide
Short answer: an inside bar is a candle whose entire range sits within the range of the candle before it. The larger preceding candle is called the mother bar. The inside bar pattern records a…
Momentum Trading: Strategies, Indicators, and Risk Management
Short answer: momentum trading is buying instruments that are already rising and selling those that are already falling, on the premise that recent relative strength tends to persist for a period…
Understanding the Opening Range Breakout: Strategies and Insights
Short answer: an opening range breakout is a day trading strategy that marks the high and low of a fixed window at the start of the session, then trades a break of either boundary. The first…
Power of Three ICT: How Accumulation, Manipulation and Distribution Shape One Candle
Short answer: power of three ict is the idea that any candle, on any timeframe, is built from three phases. Price first accumulates in a quiet range near the open. It then manipulates by running…
The Ultimate Guide to Pullback Trading: Strategies and Insights
Short answer: pullback trading means entering in the direction of an established trend during a temporary move against it. Instead of chasing a breakout, you wait for price movement to retrace to…
The Stochastic Oscillator: A Complete Guide for Traders
Short answer: the stochastic oscillator measures where the current close sits within the high to low range of a chosen lookback period. It produces two lines, %K and %D, scaled from zero to one…
Turtle Soup Strategy: Trading the Failed Breakout Without Guessing
Short answer: the turtle soup strategy is a reversal setup that fades a breakout after it fails. Price pushes through a recent high or low, collects the stop orders resting there, then closes back…
Tweezer Top and Bottom Patterns: How to Spot Them and Trade the Reversal
Short answer: a tweezer top and bottom are two-candle reversal signals built on matching extremes. A tweezer top forms after a rise when two consecutive candles print almost the same high, showing…
What Is Bitcoin Dominance? Definition, Reading, and Practical Limits
Short answer: what is bitcoin dominance comes down to one ratio. It is bitcoin's market cap expressed as a percentage of the combined market cap of every cryptocurrency, altcoins included. Rising…
What is the VIX? Understanding Market Volatility
Short answer: the VIX is a volatility index calculated by Cboe from the prices of S&P 500 options. It estimates how much movement the options market expects in the index over the next thirty days,…