Pivot point setup trade. Here's how I play pivots. I place a buy order 2 ticks above the actual pivot at S1. I do this to make sure I get filled. I use a 10 point stop and scale out half at +10. I move my stop to breakeven so I have half a position left with no risk.
Then I will scale out a quarter at +20. I will leave my stop at breakeven for my last quarter position.
In this chart, my entry is at 11074 (plus 2 ticks above S1). I let go of my first half at 11084 and a quarter at 11094. 11094 is also a great place to exit because it is directly at the monthly pivot. Also notice the value low pivot at 11006.
The last quarter I will try to hold on by using smart stops and will let the markets stop me out. In this case, I was able to hold on until the close.