al-brooks-course
29B - Climaxes
Raw transcript and slide notes for 29B - Climaxes.
Overview
- Slides: 12
- Transcript segments: 270
- Status: 自动按 slide 时间线归档；核心概念和长期笔记可以在每个 slide 的
Study Notes下继续整理。
Source Media
Transcript 001
Time: 00:02
Bilingual Transcript
00:02 - 00:03
EN: This is Al Brooks.
ZH: 你好，我是阿尔·布鲁克斯
00:03 - 00:05
EN: Thank you for watching the Brooks Trading Course.
ZH: 欢迎观看布鲁克斯交易课程
00:05 - 00:09
EN: This is the second of five videos on climaxes.
ZH: 这是高潮的第2节课
Slide 001
Time: 00:12
Bilingual Transcript
00:14 - 00:18
EN: In this video, I’m going to be talking about V tops and bottoms.
ZH: 这节课，我主要想讲V形底和V形顶
00:18 - 00:22
EN: I rarely ever use the term “V-top” or “V-bottom”
ZH: 我很少说“V形底”和“V形顶”这两个词
00:22 - 00:26
EN: because V tops and bottoms usually are something else.
ZH: 因为有更合理的方法去理解、描述它们
Slide 002
Time: 00:27
Bilingual Transcript
00:29 - 00:33
EN: A very strong bull breakout and then a very strong reversal down.
ZH: 非常强的多头突破，然后立刻反转下跌
00:33 - 00:34
EN: It’s a V-top.
ZH: 这是一个V形顶
00:36 - 00:44
EN: Perfect V-tops and V-bottoms are extremely rare, usually only present
ZH: 完美的V形顶和V形底很少见，通常只出现在 较小时间周期的K线图上，比如1分钟图或5分钟图
00:40 - 00:44
EN: on smaller timeframe charts like 1-minute charts or 5-minute charts.
ZH: 完美的V形顶和V形底很少见，通常只出现在 较小时间周期的K线图上，比如1分钟图或5分钟图
00:44 - 00:46
EN: Usually news-related.
ZH: 而且通常与新闻有关
00:47 - 00:56
EN: And even when they occur, there’s usually a more complex pattern
ZH: 即使是所谓的V形，通常在小周期上也有其它结构， 比如楔形，或者抛物线
00:52 - 00:56
EN: on a smaller timeframe chart, like a Wedge or a Parabolic Wedge.
ZH: 即使是所谓的V形，通常在小周期上也有其它结构， 比如楔形，或者抛物线
00:58 - 00:59
EN: I always find something else.
ZH: 我总是会寻找更多的线索
00:59 - 01:04
EN: Whenever I see something that someone might call a V-top – here,
ZH: 比如这里，很多人说它是V形顶
01:03 - 01:04
EN: they would call it a V-top.
ZH: 比如这里，很多人说它是V形顶
01:04 - 01:08
EN: Some traders use the phrase “inverted V” because it’s an upside-down V.
ZH: 也有人说它是倒V形，因为它是一个倒过来的V
01:08 - 01:12
EN: I always know there’s something else, and I always look for something else.
ZH: 但我知道其实有其它的结构，所以我总是在寻找这些线索
01:12 - 01:16
EN: For example, if this was a bull trend and then a Trading Range,
ZH: 例如，如果左边有上涨趋势，然后震荡，再次上涨
01:16 - 01:19
EN: this would be a Higher High Major Trend Reversal.
ZH: 这就是高点抬高的大反转
01:19 - 01:23
EN: There’s also a Parabolic Wedge – one, two, three -
ZH: 它也是抛物线楔形——1，2，3
01:23 - 01:26
EN: and then there’s a smaller Wedge on a smaller timeframe chart.
ZH: 在较小的时间周期上，还有一个更小的楔形
01:26 - 01:29
EN: We went up, we went down, we went up, we went down, we went up.
ZH: 上涨，下跌，上涨，下跌，上涨
01:33 - 01:40
EN: The more reasons to enter on the reversal on the sell,
ZH: 在反转时做空的理由越多，赚钱的概率就越高
01:37 - 01:40
EN: the higher the probability that you’ll make money.
ZH: 在反转时做空的理由越多，赚钱的概率就越高
01:44 - 01:53
EN: Wedge – one, two, three – and it subdivided into a smaller Wedge –
ZH: 楔形——1，2，3； 可以细分成更小的楔形——1，回调，2，回调，3
01:50 - 01:53
EN: one, down, two, down, three.
ZH: 楔形——1，2，3； 可以细分成更小的楔形——1，回调，2，回调，3
01:53 - 01:55
EN: A nested Wedge.
ZH: 嵌套式的楔形顶
01:58 - 02:01
EN: A bear inside bar after a Buy Climax.
ZH: 抢购高潮之后的孕线是阴线
02:01 - 02:04
EN: A Buy Climax, you expect at least a small second leg up.
ZH: 大阳线很强势，至少会有小的第2段上涨
02:04 - 02:10
EN: This pause could be a 1 bar Final Flag leading to a reversal down, which it was.
ZH: 这个暂停可能是1根K线组成的末端牛旗， 再次突破后反转下跌，就像这里
02:12 - 02:16
EN: Parabolic Wedge, one, two, three.
ZH: 抛物线楔形——1，2，3
02:21 - 02:27
EN: We got a climactic reversal, but eventually
ZH: 抢购高潮之后的反转，然后会形成一个更低的高点
02:25 - 02:27
EN: there’s always going to be a Lower High.
ZH: 抢购高潮之后的反转，然后会形成一个更低的高点
02:27 - 02:32
EN: If that Lower High retraces a third or more of the initial leg down,
ZH: 如果反弹的幅度超过了前面下跌的三分之一，
02:32 - 02:36
EN: then that Lower High is a Lower High Major Trend Reversal.
ZH: 那么它就是高点降低的大反转（机会）
Slide 003
Time: 02:40
Bilingual Transcript
02:47 - 02:57
EN: Again, if you have a reversal down after a Buy Climax and then a pullback
ZH: 再讲一遍，如果抢购高潮之后反转下跌， 然后反弹形成了降低的高点， 并且反弹的幅度至少是下跌幅度的三分之一，
02:52 - 02:57
EN: to a Lower High, and that Lower High retraces at least a third of the selloff,
ZH: 然后反弹形成了降低的高点， 并且反弹的幅度至少是下跌幅度的三分之一，
02:57 - 03:00
EN: I would call this a Lower High Major Trend Reversal.
ZH: 我会把它看作是高点降低的大反转
03:03 - 03:07
EN: We have a bull trend, a strong bear breakout,
ZH: 上涨趋势，空头强势反转、跌破
03:07 - 03:09
EN: a two-legged rally to a Lower High.
ZH: 两段反弹，形成降低的高点
03:09 - 03:12
EN: Traders will sell below the low of that bar,
ZH: 交易者会在那根K线的低点下方卖出做空
03:12 - 03:14
EN: taking a chance that we’ll get a swing down.
ZH: 押注会有下跌的波段
Slide 004
Time: 03:20
Bilingual Transcript
03:23 - 03:27
EN: We have a strong bull breakout, and initially there’s a gap
ZH: 强势的大阳线突破，最初又一个缺口——
03:27 - 03:31
EN: between the close of this bar and the high of any of these bars.
ZH: 从大阳线的收盘，到前期任何K线的高点之间都是缺口
03:37 - 03:39
EN: We went sideways.
ZH: 横盘震荡
03:39 - 03:45
EN: We have a Buy Climax, but we did not reverse all the way
ZH: 抢购高潮，但没有完全跌到抢购高潮的起涨点， 也没有把缺口补掉
03:42 - 03:45
EN: to the bottom of the Buy Climax, and we did not close the gap
ZH: 抢购高潮，但没有完全跌到抢购高潮的起涨点， 也没有把缺口补掉
03:45 - 03:47
EN: - at least, not for 30 or 40 bars.
ZH: ——至少，在30到40根K线内没有
03:47 - 03:52
EN: The minimum goal after a Buy Climax: a pause in the trend.
ZH: 抢购高潮之后的最低目标是：趋势暂停
03:52 - 03:56
EN: Here we got a Trading Range that lasted about 30 or 40 bars, maybe 50 bars,
ZH: 这里的震荡区间持续了至少30~40根K线
03:56 - 04:01
EN: and then the market decides whether to resume up or reverse down.
ZH: 然后市场决定，到底是继续上涨还是反转下跌
04:01 - 04:02
EN: Here, it did both.
ZH: 两个方向都尝试了
04:02 - 04:07
EN: It resumed up and that failed – a Buy Climax, the climactic end of the trend,
ZH: 尝试继续上涨，但是失败了—— 趋势结束之前的抢购高潮，
04:07 - 04:10
EN: and then a bear trend in the opposite direction.
ZH: 然后反转成下降趋势
04:15 - 04:17
EN: We have a Buy Climax, pause, Trading Range.
ZH: 抢购高潮，暂停，震荡区间
04:17 - 04:20
EN: A Buy Climax, Trading Range.
ZH: 抢购高潮，震荡区间
04:20 - 04:22
EN: Buy Climax, now a reversal.
ZH: 抢购高潮，反转
04:22 - 04:26
EN: Sell Climax, tried to reverse, it became a bear flag.
ZH: 抛售高潮，尝试反转，变成了熊旗
04:26 - 04:30
EN: Sell Climax, tried to reverse, became a bear flag.
ZH: 抛售高潮，尝试反转，仍然变成了熊旗
04:30 - 04:35
EN: Most climactic reversals are followed by Trading Ranges and not opposite trends.
ZH: 大多数的高潮反转，都是变成震荡区间，而不是相反的趋势
04:39 - 04:42
EN: Bull trend, Trading Range, trend resumption up.
ZH: 上涨趋势，震荡区间，趋势恢复上涨
04:42 - 04:47
EN: A big breakout.
ZH: 大的突破，大阳线，是突破，也是高潮
04:43 - 04:47
EN: Big bull trend bar, so therefore a breakout, and a climax.
ZH: 大的突破，大阳线，是突破，也是高潮
04:47 - 04:51
EN: We have a gap – the close of this bar and the high of that bar,
ZH: 这根K线的收盘和那根K线的高点之间存在缺口
04:51 - 04:53
EN: and it closed on the very next bar.
ZH: 下一根K线就把缺口补掉了
04:53 - 04:58
EN: So this became an Exhaustion Gap – this close to that high.
ZH: 所以它变成了竭尽型缺口
05:00 - 05:04
EN: And not only did it end the bull trend, it led to a reversal.
ZH: 不仅终结了上涨趋势，还导致反转下跌
05:08 - 05:09
EN: We have a bear breakout.
ZH: 空头突破
05:09 - 05:11
EN: You can call this a bear breakout as well.
ZH: 它也可以看作是空头突破
05:11 - 05:15
EN: It’s a bear trend bar, and therefore it’s a breakout and it’s a Sell Climax.
ZH: 它是一根大阴线，所以是突破，也是高潮
05:16 - 05:19
EN: This reversal led to a trend down.
ZH: 反转发展成了下降趋势
Slide 005
Time: 05:25
Bilingual Transcript
05:27 - 05:29
EN: We have a bull trend, a weak bull trend,
ZH: 这是一个较弱的上涨趋势
05:29 - 05:32
EN: and then we have an exceptionally strong bull bar.
ZH: 然后出现了一根超大的大阳线
05:33 - 05:34
EN: It’s a surprise bar.
ZH: 这是惊喜K线（意外K线）
05:34 - 05:39
EN: Nobody was expecting that, and therefore it’s a low probability event.
ZH: 没有人能预料到，所以这是低概率事件
05:39 - 05:43
EN: A lot of bulls will see this as an exceptional gift,
ZH: 很多多头会把它看作一个特殊的礼物
05:43 - 05:46
EN: a surprise gift, and they’ll use it to take profits.
ZH: 是惊喜的礼物，他们会用它来止盈
05:47 - 05:51
EN: If they take profits, they’re not looking to buy again on the next bar.
ZH: 如果他们止盈，就不会立刻在下一根K线再次买入
05:51 - 05:55
EN: They’ll usually wait 5 or 10 bars to see if the bears will get a reversal.
ZH: 他们通常会等待5到10根K线，看看空头是否能制造反转
05:55 - 06:01
EN: If the bears fail to get a reversal, then the bulls are willing
ZH: 如果空头很弱，那么多头就愿意再次买入， 尝试恢复上涨趋势
05:59 - 06:01
EN: to buy again and try to get trend resumption up.
ZH: 如果空头很弱，那么多头就愿意再次买入， 尝试恢复上涨趋势
06:02 - 06:10
EN: The bears know that the bulls have a gift here, and strong bears will sell
ZH: 空头知道多头会在“礼物K线”止盈， 所以强空头也会卖出做空，至少做一笔剥头皮交易
06:06 - 06:10
EN: at least for a scalp, betting that the bulls will take profits.
ZH: 空头知道多头会在“礼物K线”止盈， 所以强空头也会卖出做空，至少做一笔剥头皮交易
06:14 - 06:22
EN: Why would the bulls take profits? They don’t want to take a chance
ZH: 为什么多头会止盈？因为他们在很短时间内赚了很多钱， 不想冒利润消失的风险
06:18 - 06:22
EN: that this gift quickly disappears and they lose all of their profits.
ZH: 为什么多头会止盈？因为他们在很短时间内赚了很多钱， 不想冒利润消失的风险
06:22 - 06:24
EN: For example, right here.
ZH: 例如，就在这里
06:24 - 06:28
EN: A similar bar, very big bull trend bar, very big bull trend bar.
ZH: 类似的K线，都是体积非常大的阳线
06:28 - 06:30
EN: The bulls took profits.
ZH: 多头止盈
06:30 - 06:34
EN: Here, the bulls who did not take profits ended up
ZH: 这里，如果没有止盈，最终就把所有的利润都还回去了
06:33 - 06:34
EN: giving back all of their profits.
ZH: 这里，如果没有止盈，最终就把所有的利润都还回去了
06:34 - 06:41
EN: That’s why smart bulls always take at least partial profits
ZH: 这就是为什么每当出现惊喜的大阳线时， 聪明的多头总是至少止盈一部分
06:38 - 06:41
EN: whenever they have a surprisingly big bull trend bar.
ZH: 这就是为什么每当出现惊喜的大阳线时， 聪明的多头总是至少止盈一部分
06:46 - 06:48
EN: There’s no one left to buy at this price.
ZH: 没有人愿意在这个价格买入
06:48 - 06:53
EN: The market has to go sideways and then decides if the market can reverse.
ZH: 市场必须先横盘一段时间，然后再决定是否能反转
06:53 - 06:55
EN: If it cannot, the bulls will buy again.
ZH: 如果不能，那么多头会再次买入
06:56 - 07:00
EN: What about the strong bears? The strong bears will sell here,
ZH: 强空头呢？强空头会在这里卖出做空
07:00 - 07:01
EN: and they’ll sell more here.
ZH: 然后会在这里加仓卖出更多
07:01 - 07:03
EN: They’re never going to buy back their shorts.
ZH: 他们不会轻易的回补
07:03 - 07:08
EN: Part of what is taking place here is weak bears are buying back shorts.
ZH: 形成这根大阳线的原因之一，就是弱空头在回补
07:08 - 07:09
EN: They’re looking at a weak rally.
ZH: 他们认为这个上涨趋势比较弱
07:09 - 07:13
EN: They’re betting that eventually it will turn
ZH: 所以押注它会变成震荡区间，于是卖出做空
07:11 - 07:13
EN: into a Trading Range, and they’re selling.
ZH: 所以押注它会变成震荡区间，于是卖出做空
07:13 - 07:17
EN: They’re selling below bars, they’re selling above bars, and then they see this.
ZH: 他们在K线下方卖出，在K线上方卖出， 然后他们看到了这个
07:17 - 07:19
EN: The market is racing up quickly.
ZH: 市场快速上涨
07:19 - 07:20
EN: They cannot take the pain.
ZH: 他们无法忍受这种痛苦
07:20 - 07:21
EN: They buy back their shorts.
ZH: 于是回补，止损离场
07:21 - 07:24
EN: The weak bears are buying, causing the market to go up.
ZH: 弱空头买入回补，助推市场上涨
07:24 - 07:27
EN: The weak bears are buying, causing the market to go up.
ZH: 弱空头买入回补，助推市场上涨
07:27 - 07:29
EN: The weak bulls are buying as well.
ZH: 弱多头也在买入
07:29 - 07:34
EN: They’re looking at the trend saying, “It’s not all that strong.
ZH: 他们想到：“现在的上涨趋势不强，我需要更强势的信号”
07:32 - 07:41
EN: I need signs of strength.” And then the market starts to accelerate up,
ZH: 他们想到：“现在的上涨趋势不强，我需要更强势的信号” 然后市场突然暴涨，弱多头终于开始买入， 结果发现自己买在顶部——
07:35 - 07:41
EN: and the weak bulls start to buy, and they find themselves buying at the top
ZH: 然后市场突然暴涨，弱多头终于开始买入， 结果发现自己买在顶部——
07:39 - 07:44
EN: of the bull trend – exactly where the strong bulls are taking profits,
ZH: 然后市场突然暴涨，弱多头终于开始买入， 结果发现自己买在顶部—— 正好是强多头卖出止盈的地方
07:44 - 07:47
EN: and exactly where the strong bears are selling.
ZH: 也正好是强空头开始卖出做空的地方
07:47 - 07:49
EN: Here, the strong bears were unable to get a bear trend,
ZH: 这里，强空头预期的不是立刻反转成下降趋势
07:49 - 07:54
EN: but they were able to get a scalp trade, and the strong bulls bought again.
ZH: 但他们至少可以做一笔剥头皮交易； 强多头再次买入
07:54 - 07:56
EN: Strong bulls took profits, strong bears sold,
ZH: 强多头止盈（因为又是礼物K线）， 强空头卖出做空
07:56 - 07:59
EN: and this time the bears were able to get a reversal down.
ZH: 这一次反转下跌的概率更大
08:03 - 08:08
EN: The weak bulls buying late in the trend, they’re just not strong enough.
ZH: 弱多头总是在趋势的末尾买入，因为他们不够强 （注：水平不够强，心态不够强，钱不够多）
08:08 - 08:11
EN: They don’t have enough dollars to keep the bull trend going.
ZH: 他们没有足够的资金来继续推动趋势
08:11 - 08:16
EN: And the strong bulls take profits, and they’re only looking to buy again lower,
ZH: 而强多头止盈之后，他们只会等着逢低买入，
08:16 - 08:20
EN: and they’ll only buy again if the bears are unable to create a bear trend.
ZH: 只有当他们看到空头无法制造反转的时候， 才会考虑再次买入
08:20 - 08:23
EN: So the strong bulls will be buying here;
ZH: 所以强多头会在这里买入
08:23 - 08:26
EN: they will not be buying after they see the strong reversal down.
ZH: 如果强势反转下跌，他们就不买
Slide 006
Time: 08:30
Bilingual Transcript
08:32 - 08:35
EN: If you’re a strong bull taking profits here or here,
ZH: （代入一下）如果你是强多头，在这里或这里止盈之后，
08:35 - 08:37
EN: you’re not looking to buy again on the next bar.
ZH: 你不会在下一根K线就立刻再次买入
08:38 - 08:42
EN: Probably going to wait 10 bars, 20 bars to give a chance to the bears.
ZH: 可能会等待10根K线，20根K线，观察空头的实力
08:42 - 08:45
EN: Will the bears be able to reverse the trend?
ZH: 空头能否成功地反转趋势？
08:45 - 08:47
EN: If they are, the strong bulls are not going to buy.
ZH: 如果可以，那么多头就不会买入
08:47 - 08:50
EN: If the bears are not able to reverse the trend
ZH: 如果空头不能反转趋势
08:50 - 08:52
EN: and instead the market simply goes sideways,
ZH: 市场只是横盘震荡
08:52 - 08:54
EN: then the bulls will be willing to buy again.
ZH: 那么多头就愿意再次买入
08:59 - 09:07
EN: Again, the bulls take profits because the market might go sideways
ZH: 再讲一遍，多头止盈，因为市场可能会横盘、甚至反转， 而他们不想让利润消失
09:03 - 09:07
EN: or it might reverse, and they don’t want to be holding
ZH: 再讲一遍，多头止盈，因为市场可能会横盘、甚至反转， 而他们不想让利润消失
09:07 - 09:12
EN: onto their trade and have all of their profits disappear.
Slide 007
Time: 09:20
Bilingual Transcript
09:24 - 09:25
EN: Strong bear breakout.
ZH: 强势的空头突破
09:25 - 09:30
EN: A gap between this close and this low, this close and these lows.
ZH: 它的收盘价和前期低点之间存在缺口
09:30 - 09:38
EN: Another bear bar, so now the gap is this close and that low,
ZH: 继续下跌，缺口变大——从它的收盘价到这个低点， 或者到前期震荡区间的低点
09:35 - 09:38
EN: this close and the Trading Range low.
ZH: 继续下跌，缺口变大——从它的收盘价到这个低点， 或者到前期震荡区间的低点
09:41 - 09:50
EN: Possible gap – this close and that low, this close and the low
ZH: 潜在的缺口——它的收盘到前期这些低点之间
09:48 - 09:50
EN: before the start of the Sell Climax.
ZH: 潜在的缺口——它的收盘到前期这些低点之间
09:55 - 09:56
EN: It’s a big gift.
ZH: （对于空头来说）这是一份大礼
09:57 - 10:01
EN: The bears were not expecting a big breakout this late in a bear trend.
ZH: 空头没有预料到，在下降趋势后期会有这么大的大阴线
10:01 - 10:08
EN: Weak bears who did not sell here see this as the start
ZH: 之前没有做空的弱空头认为这是新下降趋势的开始， 所以他们入场，卖在最低点
10:05 - 10:08
EN: of a big new leg down, and they’re selling late.
ZH: 之前没有做空的弱空头认为这是新下降趋势的开始， 所以他们入场，卖在最低点
10:09 - 10:12
EN: Strong bears see this as a surprise, a gift,
ZH: 而强空头把它看作惊喜、礼物
10:12 - 10:14
EN: and they’ll use it to buy back shorts.
ZH: 他们利用它来回补止盈
10:14 - 10:21
EN: They’ll certainly buy back their shorts here, and then they’ll wait 5,
ZH: 他们一定会在这里止盈，然后至少等待10~20根K线， 观察多头是否能够反转趋势
10:18 - 10:21
EN: 10, 20 bars to see if the bulls can reverse the trend.
ZH: 他们一定会在这里止盈，然后至少等待10~20根K线， 观察多头是否能够反转趋势
10:21 - 10:28
EN: If the bulls can reverse the trend, the bears will wait to sell
ZH: 如果多头能够制造反转，那么空头就会等待， 一直等到上涨变弱，再找机会做空
10:25 - 10:28
EN: until the rally gets weak, and then the bears will sell again.
ZH: 如果多头能够制造反转，那么空头就会等待， 一直等到上涨变弱，再找机会做空
10:28 - 10:33
EN: Bulls buy because they bet the strong bears will take profits
ZH: 多头买入，因为他们知道强空头会止盈
10:33 - 10:37
EN: and that the market will go sideways to up for 5 or 10 bars,
ZH: 市场至少会横盘或反弹5~10根K线
10:37 - 10:39
EN: and it possibly could reverse.
ZH: 甚至有可能反转
10:39 - 10:41
EN: Some will buy the close of these bear bars,
ZH: 一些多头会直接在这些阴线的收盘买入
10:41 - 10:44
EN: some will buy above this strong bull reversal bar.
ZH: 一些人会在强势的反转做多信号K线上方买入
Slide 008
Time: 10:50
Bilingual Transcript
10:50 - 10:52
EN: We have a reversal up.
ZH: 向上反转
10:52 - 10:54
EN: You can call it a V-bottom.
ZH: 你可以说它是V形底
10:54 - 10:57
EN: Very strong selloff, very abrupt reversal up.
ZH: 非常强势的抛售，非常突然的反转
10:57 - 11:00
EN: Eventually there’ll be a pullback to a Higher Low,
ZH: 最终会回调，形成更高的低点
11:00 - 11:02
EN: and there was here, and another one here.
ZH: 这里有一个，还有一个在这里
11:02 - 11:03
EN: Higher Low.
ZH: 低点抬高
11:06 - 11:11
EN: As soon as the pullback retraces at least a third of the reversal up,
ZH: 只要回调的幅度至少是上涨的三分之一，
11:11 - 11:15
EN: traders start to think about a possible Higher Low Major Trend Reversal.
ZH: 交易者就开始考虑低点抬高的大反转的可=可能性
11:15 - 11:16
EN: Very Tight Bear Channel.
ZH: 窄下降通道
11:16 - 11:18
EN: Most traders would not buy that.
ZH: 大多数交易者不会直接买入
11:18 - 11:21
EN: This is probably a minor reversal, not a major reversal.
ZH: 很可能只是小反弹，不是大反转
11:21 - 11:24
EN: Now we have two legs down – one, pullback, two,
ZH: 两段回调之后——1，反弹，2
11:24 - 11:26
EN: and this subdivided into one, pullback, two.
ZH: 它又可以细分成1，反弹，2
11:26 - 11:32
EN: This would be a higher probability buy, but it’s still
ZH: 这里做多的胜率更高，但仍然是很窄的下降通道，
11:29 - 11:32
EN: a pretty Tight Channel here and a pretty Tight Channel here.
ZH: 这里做多的胜率更高，但仍然是很窄的下降通道，
11:32 - 11:36
EN: A lot of traders will wait for a second or third entry before buying.
ZH: 很多交易者会看到第2甚至第3做多信号之后再买入
11:36 - 11:40
EN: This is a Higher Low Major Trend Reversal, as is this.
ZH: 这是低点抬高的大反转结构，这个也是
11:40 - 11:43
EN: Here at least you have an ioi with a bull bar, so a second entry buy.
ZH: 这里至少有ioi和阳线，所以这是第2做多入场点
11:43 - 11:45
EN: This is a higher probability buy.
ZH: 这里买入的胜率会更高
11:45 - 11:48
EN: I would not take that buy for a Major Trend Reversal.
ZH: 我不会在这里买入押注大反转
11:48 - 11:52
EN: This one, I would consider taking it, or I would wait to buy above here.
ZH: 而这里，我会考虑买入，或者等待更好的机会， 然后在这里上方买入
11:53 - 11:58
EN: It did not lead to a reversal, at least not on this chart.
ZH: 没有成功反转，至少目前还没有
11:58 - 12:08
EN: It might ultimately have, but at this point the Major Trend Reversal bulls got
ZH: 最终有可能会大反转，但目前就是60%的时间会发生的事， 只是小赚或者小亏
12:03 - 12:08
EN: what they get 60% of the time: either a small win or a small loss.
ZH: 最终有可能会大反转，但目前就是60%的时间会发生的事， 只是小赚或者小亏
12:08 - 12:12
EN: 40% of the time they get an actual swing trade up.
ZH: 另外40%的时候，会有较大的波段利润
12:15 - 12:18
EN: Bear trend, bull breakout.
ZH: 下降趋势，多头突破
12:18 - 12:19
EN: Traders start to look to buy
ZH: 交易者开始寻找做多机会
12:19 - 12:23
EN: a Higher Low Major Trend Reversal, here, here, or here.
ZH: 低点抬高的大反转，这里，这里，或这里
12:25 - 12:27
EN: Smaller bear trend, strong breakout.
ZH: 下降趋势，强势的多头突破
12:27 - 12:29
EN: Again, Major Trend Reversal.
ZH: 是大反转的机会
12:29 - 12:34
EN: In this particular case, at least at the end
ZH: 在这个案例，至少到目前为止，没有反转成功
12:32 - 12:34
EN: of this chart, there was no reversal.
ZH: 在这个案例，至少到目前为止，没有反转成功
12:34 - 12:35
EN: It just continued sideways.
ZH: 只是继续横盘震荡
12:35 - 12:38
EN: But it is reasonable to take that buy.
ZH: 但在这几个地方买入是合理的
12:39 - 12:41
EN: 40% chance you’re going to get a swing up.
ZH: 有40%的概率可以得到上涨的波段
12:41 - 12:45
EN: First target, this high, which is more than twice the size
ZH: 第1目标是这个高点，
12:45 - 12:49
EN: of the initial risk that the bulls take by taking these buys.
ZH: 如果买入的话，利润超过了初始风险的两倍
12:52 - 12:56
EN: Higher probability? Instead of taking the initial Major Trend Reversal buy,
ZH: 如果想要更高的胜率，就不要在反转初期买入，
12:56 - 13:00
EN: you wait to see if we get a strong bull breakout and then buy.
ZH: 而是等待强势的多头突破，再买入
13:00 - 13:01
EN: And we did not get that.
ZH: 目前还没有出现
Slide 009
Time: 13:05
Bilingual Transcript
13:10 - 13:11
EN: Many types of gaps.
ZH: 缺口有很多种类型
13:11 - 13:16
EN: We have a gap – this close and this high, this close and that high.
ZH: 它的收盘到这个低点，它的收盘到那个低点
13:16 - 13:18
EN: We have another bar.
ZH: 继续上涨
13:18 - 13:21
EN: Now we have a 2 bar Buy Climax, so the gap is now this close
ZH: 现在是两根K线的抢购高潮，
13:21 - 13:23
EN: and that high and that close and this high.
ZH: 所以缺口变大，从它的收盘到那个高点和这个高点
13:23 - 13:26
EN: And then we have another breakout here, a new gap
ZH: 再次向上突破，缺口就扩大
13:26 - 13:28
EN: - this close and that high.
ZH: 从它的收盘到那个高点
13:28 - 13:32
EN: That gap closed immediately on the very next bar.
ZH: 这个小缺口在下一根K线就立刻被填补了
13:34 - 13:35
EN: Same thing over here.
ZH: 这里也是一样
13:35 - 13:38
EN: We have a bull breakout.
ZH: 多头突破，和前期高点之间有缺口
13:36 - 13:38
EN: Gaps above those highs.
ZH: 多头突破，和前期高点之间有缺口
13:40 - 13:43
EN: A Sell Climax, 1 or more consecutive bear bars.
ZH: 抛售高潮——1根阴线，或连续的阴线
13:44 - 13:49
EN: We have a gap, this close and that low, and now we have a 3 bar bear breakout.
ZH: 它的收盘和那个地点之间有缺口； 现在连续3根阴线，
13:49 - 13:54
EN: Gap at this point between this close and that low or any of these lows.
ZH: 此时它的收盘和前期所有低点之间都有缺口
13:54 - 13:56
EN: Another bear breakout.
ZH: 另一个空头突破
13:57 - 14:07
EN: At any given moment, you look at the most recent close
ZH: 每根阴线收盘之后，这根K线的收盘， 和突破之前这根K线的低点之间，存在缺口
14:01 - 14:07
EN: - the gap is between that close and the start of the bear breakout,
ZH: 每根阴线收盘之后，这根K线的收盘， 和突破之前这根K线的低点之间，存在缺口
14:05 - 14:12
EN: the bar before the bear breakout began, and it’s also a gap
ZH: 每根阴线收盘之后，这根K线的收盘， 和突破之前这根K线的低点之间，存在缺口 它的收盘，到前期所有低点之间，也都存在缺口
14:09 - 14:12
EN: between the breakout and these prior Higher Lows.
ZH: 它的收盘，到前期所有低点之间，也都存在缺口
14:12 - 14:16
EN: The bulls tried to reverse up here, but they could not close that gap.
ZH: 多头尝试反转上涨，但他们没能填补缺口
14:16 - 14:23
EN: So that means this gap between this close
ZH: 也就是说，它的收盘价到这个低点之间的缺口， 很有可能是测量型缺口，会下跌到MM目标位
14:19 - 14:23
EN: and this low is a potential Measuring Gap for a Measured Move down.
ZH: 也就是说，它的收盘价到这个低点之间的缺口， 很有可能是测量型缺口，会下跌到MM目标位
14:23 - 14:28
EN: So down to here, breakout test, Measured Move down.
ZH: 下跌，反弹回测，往下翻一倍
14:31 - 14:32
EN: Same thing here.
ZH: 这里也是一样
14:32 - 14:33
EN: Lots of gaps.
ZH: 很多缺口
14:34 - 14:37
EN: This close and these lows, this close.
ZH: 它的收盘到这些低点之间有缺口
14:39 - 14:42
EN: We have a Buy Climax and a pause.
ZH: 抢购高潮，暂停
Slide 010
Time: 14:40
Bilingual Transcript
14:42 - 14:44
EN: Another Buy Climax, and we have a reversal.
ZH: 又一个抢购高潮，反转
14:47 - 14:50
EN: Strong reversal down, testing the bottom of the Buy Climax.
ZH: 强势反转下跌，测试抢购高潮的起涨点
14:51 - 14:57
EN: Sometimes when you have a Buy Climax or a series of Buy Climaxes,
ZH: 有时候在一个或一系列抢购高潮之后，会立刻反转下跌
14:55 - 15:04
EN: you get an immediate reversal down.
ZH: 有时候在一个或一系列抢购高潮之后，会立刻反转下跌 一旦出现这种大涨、大跌的行情，就会制造大的困惑
15:01 - 15:04
EN: Once you have big up, big down, you have big confusion
ZH: 一旦出现这种大涨、大跌的行情，就会制造大的困惑
15:04 - 15:07
EN: - the market usually goes sideways at least for a few bars.
ZH: 市场通常会开始横盘震荡，至少几根K线
15:09 - 15:12
EN: This 1 bar pause, it’s a 1 bar Trading Range.
ZH: 这是1根K线的暂停，1根K线的震荡区间
15:12 - 15:16
EN: We got a strong rally.
ZH: 大阳线的突破很强，大概率至少有小的第2段上涨
15:14 - 15:16
EN: Probably going to get at least a small second leg up,
ZH: 大阳线的突破很强，大概率至少有小的第2段上涨
15:16 - 15:22
EN: and that’s all we got, and then we had 7 bear bars.
ZH: 就只有这一点，然后连续7根阴线，反转下跌
15:20 - 15:22
EN: A reversal down.
ZH: 就只有这一点，然后连续7根阴线，反转下跌
15:22 - 15:24
EN: Equally strong to the bull breakout.
ZH: 和左边的上涨一样强势
15:26 - 15:30
EN: This 1 bar Final Flag creates a Micro Double Top – this high and that high.
ZH: 这个高点，和末端牛旗的高点，形成了小双顶
15:30 - 15:34
EN: Even though they’re not at the same level, it’s a type of Double Top.
ZH: 尽管它们不在同一高度，但也是双顶的一种
15:38 - 15:41
EN: Most reversals involve some kind of a Trading Range.
ZH: 大多数反转都涉及某种震荡区间
15:44 - 15:47
EN: Here, we had a bull trend, a bear breakout,
ZH: 这里，上涨趋势，空头突破
15:47 - 15:50
EN: and then a pullback retracing at least a third of the selloff.
ZH: 反弹的幅度超过了下跌幅度的三分之一
15:50 - 15:55
EN: This is a Lower High Major Trend Reversal after a Buy Climax top.
ZH: 这是抢购高潮之后的高点降低的大反转机会
15:55 - 16:00
EN: Even though you can call it a V-top, it still involved a small Trading Range.
ZH: 尽管你可以说它是V形顶， 但它仍然有一个小的震荡区间
16:00 - 16:04
EN: I would call it consecutive Buy Climaxes or a Parabolic Wedge
ZH: 我会称之为连续的抢购高潮， 或者抛物线楔形顶——1，2，3
16:03 - 16:10
EN: - one, two, three – and then over here, this is a Lower High Major Trend Reversal.
ZH: 我会称之为连续的抢购高潮， 或者抛物线楔形顶——1，2，3 然后在这里是高点降低的大反转
16:16 - 16:19
EN: Bear trend, Trading Range, 20 or more bars.
ZH: 下降趋势，震荡区间，持续了超过20根K线
16:19 - 16:22
EN: 50/50 chance you’ll get a bull breakout and a reversal up,
ZH: 50%的概率会向上反转
16:22 - 16:26
EN: 50/50 chance you’ll get a bear breakout, trend resumption down.
ZH: 50%的概率会继续下跌
Slide 011
Time: 16:30
Bilingual Transcript
16:32 - 16:39
EN: Whenever you have a Sell Climax like this
ZH: 每当抛售高潮之后出现大的反弹， 就变成了大跌、大涨、大的困惑
16:34 - 16:39
EN: and then a big reversal up, you have big down, big up.
ZH: 每当抛售高潮之后出现大的反弹， 就变成了大跌、大涨、大的困惑
16:38 - 16:39
EN: Creates big confusion.
ZH: 每当抛售高潮之后出现大的反弹， 就变成了大跌、大涨、大的困惑
16:39 - 16:41
EN: You’re probably going to go sideways.
ZH: 大概率要横盘震荡
16:41 - 16:44
EN: Confusion is a hallmark of a Trading Range.
ZH: 困惑是震荡区间的特征
16:48 - 16:51
EN: The result usually is a Trading Range lasting 10 or more bars.
ZH: 结果就是持续至少10根K线的震荡区间
16:51 - 16:54
EN: You can get an immediate reversal up.
ZH: 有时候会直接反转暴涨
16:54 - 17:00
EN: You can get a Double Top and immediately sell off
ZH: 有时候会形成双顶，然后向下跌破颈线，跌到MM目标位
16:58 - 17:00
EN: below this low for a Measured Move down.
ZH: 有时候会形成双顶，然后向下跌破颈线，跌到MM目标位
17:00 - 17:04
EN: More likely, big down, big up, big confusion
ZH: 但更有可能的是：大跌、大涨、大的困惑
17:04 - 17:07
EN: - you’re going to go sideways at least for 5 or 10 bars.
ZH: 至少会横盘震荡5~10根K线
17:07 - 17:10
EN: And here, the whole thing became a big Trading Range.
ZH: 这里市场进入了一个大的震荡区间
17:13 - 17:16
EN: Again, confusion is the hallmark of a Trading Range,
ZH: 在强调一遍，困惑是震荡区间的特征
17:16 - 17:19
EN: so whenever you see something that makes you confused,
ZH: 所以只要你看到了让你感到困惑的行情
17:19 - 17:22
EN: you have to assume the market’s in a Trading Range.
ZH: 就要假设，也许市场正出于震荡区间
17:22 - 17:25
EN: Look to buy low, sell high, and take quick profits, scalp.
ZH: 然后找机会高抛低吸，剥头皮、赚快钱
Slide 012
Time: 17:27
Bilingual Transcript
17:29 - 17:34
EN: In this video I talked about V tops and bottoms, and I made the important point
ZH: 这节课我讲了V形顶和V形底，
17:34 - 17:37
EN: that V tops and bottoms are almost always something else,
ZH: 实际上V形反转总是存在其它的反转结构
17:37 - 17:41
EN: and I therefore use some other term to describe what is taking place.
ZH: 所以我用其他词，来更好地描述这种行情
17:46 - 17:47
EN: I’m Al Brooks.
ZH: 我是阿尔·布鲁克斯
17:47 - 17:49
EN: Thank you for watching the Brooks Trading Course.
ZH: 感谢观看布鲁克斯交易课程
17:49 - 17:53
EN: This is the second of five videos on climaxes.
ZH: 高潮的第2节课，就先讲到这里