--- title: 'Starting from Zero in Day Trading #3 - How to Profit with Price Action' source: 'https://youtube.com/watch?v=zdlmKh-MG9c' video_id: 'zdlmKh-MG9c' date: 2026-08-05 duration_sec: 786 --- # Starting from Zero in Day Trading #3 - How to Profit with Price Action > Source: [Starting from Zero in Day Trading #3 - How to Profit with Price Action](https://youtube.com/watch?v=zdlmKh-MG9c) ## Summary In this third lesson of the 'Starting from Zero in Day Trading' series, the instructor teaches how to profit using price action analysis, combining it with technical indicators like support/resistance lines, trend lines, and Fibonacci retracements. The video includes live trading demonstrations, showing both winning and losing trades, and emphasizes the importance of practice and emotional control. ### Key Points - **Introduction to Price Action** [00:14] — Price action is a simple yet efficient analysis method that focuses on price movements and lines, such as support and resistance, rather than relying solely on indicators. - **Support and Resistance Lines** [01:37] — Support acts as a price floor, resistance as a ceiling. Lines are drawn by connecting horizontal points where price has reversed. Three touches confirm a level. - **Trend Lines and Pivots** [02:29] — Uptrend lines (LTA) connect higher lows, downtrend lines (LTB) connect lower highs. A bullish pivot occurs when price breaks a previous high after a higher low; a bearish pivot is the opposite. - **Trading Breakouts** [03:10] — When a bullish pivot is confirmed, you can trade in favor of the breakout, expecting a continuation of the uptrend. Example given with IDX USDT. - **Pullback Strategy** [04:07] — After a breakout, price may return to the broken level (now support), offering a pullback entry. This reduces risk compared to entering on the breakout. - **Fibonacci Retracement** [06:00] — Fibonacci retracement levels (38.2%, 50%, 61.8%) are used to identify potential pullback entry points within a trend. Place the tool from start to end of a trend move. - **Live Trade Example** [10:10] — The instructor enters a buy when price touches the 38.2% Fibonacci level, resulting in a win. He then stops trading after achieving a 2-0 session goal. - **Final Advice** [11:47] — Beginners should practice on a demo account, then trade real money to control emotions. Joining a community or trading live with experienced traders can accelerate learning. ### Conclusion Price action trading, when combined with tools like Fibonacci retracements and understanding of pivots, can be profitable. However, success requires practice, emotional control, and continuous learning. ## Transcript Starting from Zero in Day Trading series. If you haven't watched lesson one or lesson right? Just click the link in the description and then come to this lesson. And in case [clearing throat] you 've already watched it, get ready, because in this lesson I'm going to teach you how to profit from trading with price action. Perhaps you've already heard of this term. Price action is price action. It's a simple yet very efficient analysis, but I like to combine it with technical indicators, and then you'll see everything we're going to use. This lesson is a little more complex because there's quite a lot show you. And the best part is that I'll be practicing, demonstrating the techniques and showing price action working, not working, or triggering stop-loss orders. In lesson two, for example, we almost hit a stop-loss order, but we managed to leverage our position and now we're going to look for a profit again. But the most pass on to you for free. So go ahead and leave your like. He's not enrolled yet, he's already on lesson three, he should be. You've signed up, right? So, click on the sign-up button and create your account with the Ebinex broker, using the link in the description. If you're not enrolled in Binary Class, which is my free course with over 30 lessons, it's also in the description. I also see you in the live trading sessions here, I'm recording, but you can trade with me live and learn from me live for free, absolutely free. Just click the link in the description. First, you need to understand what price action is. Price action, analysis where we'll use these tools here. You can use technical indicators; they're not simply lines, but when we talk about price action, we focus a lot on lines. So, we have, for example, a support line. What is the support line? It serves as a sort of price floor. The price goes up, up, up, up, up, and up again. There we also have a resistance line. It's a horizontal line; put it here in red because it serves as a ceiling. Hit, go down, hit, go down, hit, go down. And to draw the line, you just need to find points that are connected horizontally, okay? So here, for example, look, one point, another point, and another point. Here's a support, a point, another point, here, an approximation. Beauty? And then you can define those peaks and those troughs, adding support and resistance levels. These support and resistance levels can be we have an upward trend line , which is a support, but diagonal, we call it an uptrend line (LTA). So, we connect this fund to this fund, to this fund, to this fund. Beauty? You can trade on pullbacks or breakouts, okay? And now I'm going to show you in practice what you can do using price action. For example, what's happening here right now on IDX USDT? Here at IBNEX we're seeing a candle hitting this high up here. It's a peak, it's only consider resistance when we have what? When we have three touches coinciding horizontally. And we didn't have that, but we are seeing a movement to break through that peak. When we have a breakout from a high, this have a breakout from a high, this is characterized as a bullish pivot. We had a bottom, a top, a bottom higher than the previous bottom, and now previous top, you see? So this here is a bullish pivot. When we have a bullish pivot, we can trade in favor of a breakout. So here, even before the candle has closed, it will probably close above this high. I'm going to take a long position here , as it's almost certain to finish above this high, characterizing it as a bullish pivot, with this upward breakout. And then we have a chance to see a continuation of the upward trend. If my trade doesn't result in a win, or a loss, called a pullback, which is when we have a high like this one, that is have a high like this one, that is broken, but then the market returns and touches the same horizontal range that was the high, but we're going to enter with turns around, which is already showing a winning trend, since we caught the flow in our favor, right? But a buy position, which is a pullback operation, because when we have a breakout from a high, the market might resume its upward movement, and then you buy in favor of the continuation. If it were a bottom breakout, then we would be trading in favor of a decline. Look , things were going really well, and then everything if it ends in victory or defeat. 10 seconds left. 9 8 7 6 5 4 3 2 1 second. Phew, victory here in this operation, okay? So, we secured a win by trading in favor of the bullish pivot. So, just so you understand what a bearish pivot would look like, the market comes in, makes a bottom, goes up, has a top here, and a bottom lower than the previous bottom. So, he made a lower high than the the previous low. Here, in a breakout, you can trade in favor of the fall, just like we did here. But the market might reverse to catch the pullback, okay? I'm going to show you an example of a pullback here. Look, here we had a region of hilltops, right? Oh, it approached, it descended, it approached, it descended, it touched, it descended, it approached, it descended. And then, during that sailing, we experienced a rupture. If you had traded in favor of a breakout, you would have suffered a defeat. Why? The next candle was a red candle, a candle that fell. But you can see that this red candle touched this region, a region that was the top, and after it was broken, it tends to become the floor. So, turn into support. That's why we use the pullback. If you had entered the buy order on the red candle, what was the next candle? It was green. I would have won on the loss, but a pullback would have resulted in a victory. Beauty? And now, observing what's happening here in the graph, what do we notice? We had an explosion in the chart. We had a price explosion. The price really went up very sharply. And now we need to find some time for what? to trade in favor of some price action entry, which is the purpose of this lesson. I've already briefly explained support and resistance, shown an example of an upward trend line, and also pullback works. But I want to get more tickets. I want to show you here an entry point using a pullback or even an entry point using a tool as I said at the beginning of the video here, we're coordinating several things. I'm showing you a little bit about each of these things in a summarized way. And if you want to learn in more depth, see real-time operations , examples, etc., just become my student for free in the binary class. The link is in the description; there are a lot of very complete lessons there for you to learn everything, even if you're a beginner starting from scratch, okay? So, look, the candle here is about to fall. If it hits here, then it's a pullback, I'll buy it, okay? So let's wait and see if we'll get the pullback. The good thing about this movement here, folks, this downward movement we've had, is that you understand that this is a new peak. The market is rising strongly; the flow of consecutive green candles shows predominant buying pressure happens when we have a small correction like the one this red candle made? It creates a new high. And if we have another breakout from that top range, we can continue trading with the flow. So we use a price action analysis with a pivot point. High pivot, low pivot , breakout of this pivot to trade flow. Look how interesting, right? So, if we have a breakout upwards, we can also trade in favor of that breakout. Beauty? My intention here is to capture at least one or two more trades. So, let's see if we can catch the pullback here, okay? I'll Fibonacci retracement in a moment. We place the Fibonacci retracement tool within a trend movement. Here, for example, we had a candlestick pattern upward trend. So, we click on the Fibonacci retracement, click and release at the beginning of the trend, and click and release at the end of the trend up there. The region I use is 0382, which means a 38.2% retraction of this impulse movement. So, that means the market fell 38%, So, that means the market fell 38%, at 50%, here at 05 it's 50%, here it's 61.8%. So I use these three regions. So I'm going to mess around here and take this out , take this out, take this out, take this out . Ready. So, what can we do here using the Fibonacci sequence, everyone ? It serves as a point for you to enter in favor of the pullback. So you place it in a trend, if the market touched that point, if it's an upward trend, it touched that point, you buy. If it's a sell. Beauty? So I'll give an example while nothing is happening there. Oh, in that a Fibonacci retracement, it would have looked like this: beginning of the trend, placed at the top to the bottom, the market came, started to rise and rise and rise, touched 38.2% here, I would have taken a sell order, I would have Because there was a breakup. The next candle was a green candle. But here the same candle touched 50, touched 61. I would have caught one sale and the other was red. So, I would have suffered a defeat, but here I would have suffered a victory. Beauty? but here I would have suffered a victory. Beauty? So let's wait here and get our tickets. If we get a touch here at 38, we can enter even before the pullback, and then we can grab the Fibonacci retracement right there at that point , and we can already make that entry. Or, if we see a breakout from this high up here, then we trade in favor of the flow, in favor of this bullish pivot. Look, the price has started to drop nicely now. It's almost hitting the Fibonacci region here. Oh, it hit. Now I'm going to make the purchase with $. Remember that, oh, if the candle fell a little more, then it could also be a buy, but for what reason? From the pullback, which would have been the first touch after the breakout of that high. Beauty? But the candle didn't actually touch there; instead, it hit the Fibonacci retracement zone . So, that's why I took on this buying operation. And look , the sail has already started rising nicely, it looks like it's going to be a victory. I waited all this transcript looks nice because I'm recording this right after class two. So, in lesson two we managed to beat the leverage and now I've taken a win, right, on the first entry I made here with price action in favor of this going to win again, but this time I'm going in with a fixed hand, right? So I'm not leveraging my strategy, and if I win, I'll stop here. Why? Because it's like a 2v0 session that I taught you in lesson one, which is the management of a session where you're aiming for a 2v1 strategy. 0 x1 separates, 1 x1 separates, 2x0 separates. So if I win 2-0, that's 2x0 separates. So if I win 2-0, that's good enough for me right now, okay? So, 9 8 good enough for me right now, okay? So, 9 8 7 3 2 1 second, and there's profit in your pocket. Beauty? So we managed to secure another victory and now we're entering the market, trading with Fibonacci retracements in this trend movement. We also have LTA and LTB trends; we could have shown pullback operations, but I wanted to give an overview of price action. So, if you're interested in learning more, just follow the upcoming lessons I post here on the channel, older lessons that are already available, or especially by free. I've already said it a million times, the link is in the description, okay? And now I , which means you've reached the final lesson in the series, starting from scratch. But you're still just starting out. You can't assume you already know everything. You can't expect to start making a profit overnight. You need to trade on a demo account, then on a real account to practice your emotional control, and most importantly, to be alongside people interesting thing about binary class isn't just the lessons, it's that you can trade live with me and my team of traders. So you can see what we're doing in real time, and even trade together. You might even make a profit trading together, because there's no delay, you can follow along and copy what we 're doing. The intention is to pass on knowledge, not for you to simply copy can copy them if you think that entry makes sense at that moment, okay? So join the group that's in the description so you can also be part . A kiss, I hope you enjoyed it. You haven't liked it yet, just leave a like. You haven't signed up yet, just sign up. Remember that you can earn $60 trading every day on BNEX. Just meet the volume goal, redeem it in the "My Account" tab, and then after 10 days you'll receive $10. 20 days in a row plus 20, 30 days in a row plus 30. A total of 60 free days for you every month. May God be with you. Until the next video.