[Soultrader]

I trade intraday only and I scale out of all my trades. The next line of pivot is a common exit target for many pivot point traders.

The way I time my entries is based on tape reading and market internals. If price reaches a support pivot, but the market internals are pointing down I will not buy at this pivot. There is a good chance the markets will break this pivot and go lower. In this case I will short the retracement back to the pivot.

I do not use pivot points blindly. If a support pivot is right above the previous days low, there is a chance the markets will break the pivot and test the previous days low. Its important to know where all the key levels are to use pivot points successfully.

By market internals, I look at the TICK, TRIN, TIKI, Prem, and PC ratio. This gives me the feel of the markets. You dont want to be shorting at every pivot level in a strong market environment.