al-brooks-course
45B - Trading Broad Bull Channels
Raw transcript and slide notes for 45B - Trading Broad Bull Channels.
Overview
- Slides: 12
- Transcript segments: 339
- 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 - 00:10
EN: This is the second of five videos on trading Broad Bull Channels.
ZH: 这是如何交易宽上涨通道的第2节课
Slide 001
Time: 00:12
Bilingual Transcript
00:14 - 00:20
EN: I want to talk a little bit about major
ZH: 我想讲一讲宽上涨通道中重要和次要的低点
00:16 - 00:20
EN: and minor lows inside of Broad Bull Channels.
ZH: 我想讲一讲宽上涨通道中重要和次要的低点
00:21 - 00:29
EN: And an important point about a Broad Bull Channel is it sometimes has bear legs
ZH: 宽上涨通道的一个特征是：有时下跌的波段足够强势， 市场甚至暂时处于单边下跌
00:26 - 00:29
EN: that are strong enough to make the market Always In Short,
ZH: 宽上涨通道的一个特征是：有时下跌的波段足够强势， 市场甚至暂时处于单边下跌
00:29 - 00:33
EN: yet those bear legs are still within a Broad Bull Channel.
ZH: 然而这些下跌波段仍然只是宽上涨通道的一部分
Slide 002
Time: 00:34
Bilingual Transcript
00:37 - 00:45
EN: This is several days of a 5-minute chart, and you can see the market
ZH: 这是好几天的5分钟K线，可以看到市场总体在上涨， 但途中有强势的抛售下跌
00:42 - 00:45
EN: is working higher and it has strong selloffs along the way,
ZH: 这是好几天的5分钟K线，可以看到市场总体在上涨， 但途中有强势的抛售下跌
00:45 - 00:48
EN: yet every low led to a new high.
ZH: 但每次回调后都会继续创新高
00:48 - 00:53
EN: This is a Broad Bull Channel, even though it’s not easy to see the channel.
ZH: 这是一个宽上涨通道，尽管看上去不明显
00:53 - 00:56
EN: We’re making new highs, new lows, Higher Highs, Higher Lows.
ZH: 高点和低点都在抬高，创新高、创新高
00:56 - 01:02
EN: This low fell below some of these lows, but formed a Double Bottom
ZH: 这里跌破了之前一些次要的低点， 然后和它形成双底之后，强势上涨创新高
01:00 - 01:02
EN: with this one and we went strongly to a new high.
ZH: 这里跌破了之前一些次要的低点， 然后和它形成双底之后，强势上涨创新高
01:03 - 01:05
EN: It’s a bull trend, and you have to call it something.
ZH: 这是一个上涨趋势，如果要给它起一个名字的话
01:05 - 01:08
EN: It’s not a strong breakout, it’s not a Tight Channel,
ZH: 它不是强势的突破，也不是窄通道
01:08 - 01:11
EN: and that leaves you with a Broad Bull Channel.
ZH: 那就只能叫它宽上涨通道了
01:14 - 01:22
EN: We have a strong rally up to a new high, and once you have this strong rally
ZH: 一旦出现这样的强势突破，并且创新高， 这个低点就变得很重要
01:19 - 01:22
EN: to the new high, this low becomes important.
ZH: 一旦出现这样的强势突破，并且创新高， 这个低点就变得很重要
01:22 - 01:24
EN: I would call it a major low.
ZH: 我称之为重要的低点
01:28 - 01:37
EN: If a pullback falls below this low, once you have a rally like this,
ZH: 在这么强势的上涨之后，如果回调跌破这个低点 我就不再认为这是一个好的上涨趋势
01:32 - 01:37
EN: if the market reverses down below this low,
ZH: 在这么强势的上涨之后，如果回调跌破这个低点 我就不再认为这是一个好的上涨趋势
01:35 - 01:37
EN: I would say it’s no longer in a bull trend.
ZH: 在这么强势的上涨之后，如果回调跌破这个低点 我就不再认为这是一个好的上涨趋势
01:37 - 01:44
EN: Right now, this rally is, at this point, either in a bull trend
ZH: 在这一刻，涨到这里，市场要么处于上涨趋势， 或者，也可能会变成震荡区间
01:41 - 01:44
EN: (which it was) or possibly in a Trading Range.
ZH: 在这一刻，涨到这里，市场要么处于上涨趋势， 或者，也可能会变成震荡区间
01:44 - 01:48
EN: If we get a reversal down that falls below a major low,
ZH: 如果反转下跌，跌破前期重要的低点
01:48 - 01:50
EN: then it’s no longer in a bull trend.
ZH: 那它就不再是上涨趋势
01:50 - 01:53
EN: It’s then either in a bear trend or a Trading Range.
ZH: 要么是下降趋势，要么是震荡区间
01:58 - 02:03
EN: So I pay attention if the market is trending up to major Higher Lows.
ZH: 所以我关注上涨趋势中的重要低点是否在抬高
02:03 - 02:06
EN: Minor Higher Lows like that or like this are not important,
ZH: 像这个、或这个次要的低点并不关键
02:06 - 02:09
EN: but the major Higher Lows are important.
ZH: 但重要的低点很有意义
02:13 - 02:15
EN: The market sold off strongly and then rallied
ZH: 市场大幅回调，然后恢复上涨
02:15 - 02:17
EN: in a pretty Tight Channel to a new high.
ZH: 窄上涨通道，涨到新高
02:17 - 02:21
EN: At this point you know this is a major Higher Low.
ZH: 此时你知道它变成了重要的低点
02:21 - 02:22
EN: And the same here.
ZH: 这里也是一样
02:22 - 02:26
EN: We gapped down, but we rallied up in a fairly Tight Channel to a new high,
ZH: 跳空低开，然后进入窄上涨通道，涨到新高
02:26 - 02:29
EN: and therefore this Higher Low is major as well.
ZH: 因此这个低点也是重要的
02:31 - 02:34
EN: Here, the market collapsed on the open after a small gap down,
ZH: 这里，小幅低开之后早盘跳水
02:34 - 02:39
EN: yet it had an opening reversal up and somewhere in here,
ZH: 但出现了开盘反转的行情，涨到这里的某个地方之后，
02:39 - 02:42
EN: once you’re above these highs, you’d have to conclude that
ZH: 一旦突破了前期的这些高点，你就必须做出判断
02:42 - 02:46
EN: this is a major Higher Low in a broad bull trend
ZH: 它是宽上涨通道中的一个重要的低点
02:47 - 02:52
EN: even though the market here fell below these prior major Higher Lows.
ZH: 尽管之前这里跌破了前期的重要低点
02:52 - 02:55
EN: And at that point, the market is not in a bull trend.
ZH: 在那个时候，市场并不处于上涨趋势
02:55 - 02:58
EN: It’s either in a bear trend or a Trading Range.
ZH: 它要么是下降趋势，要么是震荡区间
02:58 - 03:05
EN: It reversed up strongly, and at some point when it starts to break
ZH: 等它强势反转上涨，并且在开始突破前期高点的时候， 你就必须做出判断
03:02 - 03:05
EN: above these Lower Highs, you have to conclude that
ZH: 等它强势反转上涨，并且在开始突破前期高点的时候， 你就必须做出判断
03:05 - 03:08
EN: the market is no longer in a bear trend or a Trading Range.
ZH: 市场至少不再是下降趋势
03:08 - 03:11
EN: It’s back to being in a bull trend or a Trading Range.
ZH: 它回到了上涨趋势或震荡区间
03:17 - 03:20
EN: Remember, I said bull trend or a Trading Range.
ZH: 请注意，我说的是上涨趋势，或震荡区间
03:20 - 03:23
EN: We have a major Higher Low here.
ZH: 这里有一个重要的低点
03:23 - 03:25
EN: Market’s in a bull trend or a Trading Range.
ZH: 市场处于上涨趋势，或震荡区间
03:25 - 03:30
EN: If it falls below this low, then it’s either in a bear trend or a Trading Range.
ZH: 如果跌破这个低点，那么就变成下降趋势，或震荡区间
03:30 - 03:33
EN: Now, it could still be in a Trading Range, and if it’s in a Trading Range,
ZH: 现在，市场完全有可能处于震荡区间， 如果真的是震荡区间
03:33 - 03:38
EN: it often falls below the low and then reverses up – which it did.
ZH: 它经常会跌破前期低点，然后很快反转上涨——确实发生了
03:38 - 03:43
EN: But it’s not back to a bull trend until it breaks above a major Lower High.
ZH: 直到突破前期的重要高点，市场才回到上涨趋势
03:43 - 03:45
EN: Major Lower High, we have a Lower High,
ZH: 它是回调过程中重要的高点，低于最高点
03:45 - 03:48
EN: and it broke to a new low below major lows.
ZH: 然后向下跌破到了新低
03:49 - 03:51
EN: So it went back to a bull trend here.
ZH: 所以这个时候，市场回到了上涨趋势
03:51 - 03:54
EN: So at this point when it starts to break above these highs,
ZH: 这个时候，当市场突破前期这些高点时
03:54 - 03:57
EN: it’s back to either a bull trend or a Trading Range.
ZH: 它回到了上涨趋势，或震荡区间
04:03 - 04:07
EN: Again, major Higher Lows means a bull trend or a Trading Range.
ZH: 再讲一遍，重要的低点抬高，意味着市场处于上涨趋势，或震荡区间
Slide 003
Time: 04:04
Bilingual Transcript
04:07 - 04:10
EN: This low fell below these other major lows,
ZH: 这个低点跌破了之前的这些重要低点
04:10 - 04:13
EN: and therefore bear trend or a Trading Range.
ZH: 因此变成了下降趋势，或震荡区间
04:13 - 04:16
EN: But then we broke above a major Lower High and a major high here,
ZH: 但后来恢复上涨，突破了重要的高点，以及前期上涨的最高点
04:16 - 04:18
EN: so it’s back to a bull trend or a Trading Range.
ZH: 所以市场回到了上涨趋势，或震荡区间
04:20 - 04:24
EN: These are major Higher Lows; these are minor Higher Lows.
ZH: 这些是重要的低点；这些是次要的低点
04:24 - 04:28
EN: They do not lead to strong breakouts, even though they led to new highs.
ZH: 因为尽管后面创了新高，但不是特别强势
04:28 - 04:30
EN: And some of them don’t even lead to new highs.
ZH: 其中一些甚至没有创新高
04:30 - 04:32
EN: For example, here’s a Higher Low.
ZH: 例如，这个低点虽然抬高了
04:32 - 04:34
EN: Did not even lead to a new high.
ZH: 但后面没有涨到新高
04:34 - 04:35
EN: So a minor Higher Low.
ZH: 所以它只是次要的低点
04:43 - 04:48
EN: We have a low and we have a breakout, but it’s not particularly strong
ZH: 这个低点之后向上突破了，尽管创了新高，但并不是特别强势，
04:47 - 04:48
EN: even though it’s a new high.
ZH: 这个低点之后向上突破了，尽管创了新高，但并不是特别强势，
04:48 - 04:54
EN: I would call that a minor Higher Low, and I would look to the left
ZH: 我把它看作是次要的低点，并且往左看， 去找最近一个重要的低点，也就是在这里
04:51 - 04:54
EN: to find the most recent major Higher Low, which is right here.
ZH: 我把它看作是次要的低点，并且往左看， 去找最近一个重要的低点，也就是在这里
04:55 - 05:00
EN: Here, we have a reversal up, did not get to a new high,
ZH: 这里，价格反转上涨，没有到新高，而且上涨很短暂
04:58 - 05:00
EN: and the reversal up was brief.
ZH: 这里，价格反转上涨，没有到新高，而且上涨很短暂
05:01 - 05:03
EN: So I would call that minor as well.
ZH: 所以这个低点也是次要的
05:03 - 05:08
EN: Here, we have a reversal up and it reversed back down.
ZH: 这里，上涨后很快又跌回来了
05:08 - 05:13
EN: Here we reversed up, not all that big, and it’s at the top of the Trading Range.
ZH: 这里反转上涨，不是很大，并且没有突破震荡区间的上沿
05:13 - 05:19
EN: I think it’s a fairly minor Higher Low, and therefore if we fall below it,
ZH: 所以这个低点并不重要，即使被跌破，市场可能仍然处于上涨趋势
05:17 - 05:19
EN: we still could be in a bull trend.
ZH: 所以这个低点并不重要，即使被跌破，市场可能仍然处于上涨趋势
05:27 - 05:30
EN: Whenever the market falls below a minor Higher Low,
ZH: 每当市场跌破次要低点的时候，
05:30 - 05:33
EN: bulls buy the reversal up, betting that the bull trend will continue.
ZH: 多头会买入做多，押注上涨趋势恢复
05:35 - 05:42
EN: The odds of the market becoming a bear trend
ZH: 如果只是跌破次要的低点， 市场变成下降趋势的概率仍然很低
05:39 - 05:42
EN: after breaking below a minor Higher Low are small.
ZH: 如果只是跌破次要的低点， 市场变成下降趋势的概率仍然很低
05:43 - 05:47
EN: More likely the selloff is a bear leg in a developing Trading Range.
ZH: 更有可能只是震荡区间中的一个下跌波段
05:47 - 05:50
EN: We have a very Tight Channel, we have a lot of Higher Lows
ZH: 这个上涨通道很窄，一路上有很多低点
05:50 - 05:54
EN: - they’re all minor – and if the market reverses from a Tight Bull Channel,
ZH: ——它们都不怎么重要——如果市场开始反转下跌，
05:54 - 05:59
EN: the reversal is probably minor, a bear leg in a Trading Range or a bull flag.
ZH: 大概率也只是小反转，只是震荡区间中的下跌波段， 或者只是牛旗
06:07 - 06:10
EN: I mentioned this one earlier, that a very strong breakout
ZH: 之前讲到过这里，非常强势的抛售
06:10 - 06:14
EN: below a major Higher Low here and below a major Higher Low here
ZH: 跌破了这个重要低点，也跌破了这个重要低点
06:14 - 06:18
EN: and below all these minor Higher Lows – so at that instant,
ZH: 当然也跌破了所有这些次要的低点——因此在那一刻
06:18 - 06:21
EN: the market was either in a bear trend or a Trading Range.
ZH: 市场要么处于下降趋势，要么处于震荡区间
06:21 - 06:24
EN: If it’s in a Trading Range and it reverses up, traders will buy it
ZH: 如果是处于震荡区间，那么交易者会买入做多
06:24 - 06:27
EN: because they’re buying the bottom of a Trading Range.
ZH: 因为这是区间的底部
06:27 - 06:30
EN: Here we have a possible slightly Lower Low, Double Bottom.
ZH: 这里是潜在的低点降低的双底
06:31 - 06:37
EN: What caused this selloff? It probably was simply a sell vacuum test of support
ZH: 是什么导致了这次抛售？可能只是对支撑位的真空测试——
06:37 - 06:42
EN: below major Higher Lows, and especially this one, the bottom of a Trading Range.
ZH: 测试这个低点，尤其是这个，它是震荡区间的最低点
06:42 - 06:44
EN: And the bulls bought it.
ZH: 有多头在这里买入
06:44 - 06:46
EN: Therefore we had a Double Bottom.
ZH: 所以形成了双底
06:46 - 06:49
EN: When you get a breakout, traders will look for a Measured Move up.
ZH: 每当看到突破，交易者都会寻找MM目标位
06:54 - 06:57
EN: I mentioned that even if you’re in a bull trend,
ZH: 我提到过，即使市场处于上涨趋势
Slide 004
Time: 06:55
Bilingual Transcript
06:57 - 07:01
EN: there can be times when the market is actually Always In Short.
ZH: 在回调的时候也可能暂时进入单边下跌
07:01 - 07:05
EN: Some of the legs down in a Broad Bull Channel are strong
ZH: 宽上涨通道中的一些下跌波段很强
07:05 - 07:07
EN: and the market can be Always In Short,
ZH: 可以让市场暂时处于单边下跌的状态
07:07 - 07:09
EN: which means the market’s likely to go lower.
ZH: 这意味着可能会进一步下跌
07:09 - 07:13
EN: Not necessarily reverse into a major bear trend,
ZH: 不一定能反转成大的下降趋势
07:13 - 07:18
EN: but the bear leg still could go lower and be part of a Broad Bull Channel.
ZH: 但回调完全可能进一步下跌，成为宽上涨通道的一部分
Slide 005
Time: 07:18
Bilingual Transcript
07:24 - 07:28
EN: There are many days here – I don’t know how many days there are, 5 or 10 days.
ZH: 这里有很多天的K线——具体我也不记得了，可能有10来天
07:28 - 07:32
EN: I trade each day separately, and that means some of the days
ZH: 我每天交易的时候不会看那么多K线
07:32 - 07:39
EN: can be bear trend days even though the overall trend
ZH: 所以就算大趋势总体是上涨的，但有些天日内可能是下降趋势
07:36 - 07:39
EN: on the chart that you see here is still bullish.
ZH: 所以就算大趋势总体是上涨的，但有些天日内可能是下降趋势
07:43 - 07:48
EN: This is a Trading Range, so traders look to buy low,
ZH: 这是一个震荡区间，所以交易者会逢低买入， 逢高卖出，赚快钱
07:46 - 07:48
EN: sell high, and take quick profits.
ZH: 这是一个震荡区间，所以交易者会逢低买入， 逢高卖出，赚快钱
07:48 - 07:49
EN: And the same here.
ZH: 这里也是一样
07:50 - 07:53
EN: These are still Trading Ranges within a Broad Bull Channel.
ZH: 这些震荡区间是宽上涨通道的一部分
07:54 - 08:03
EN: When the market’s in a Broad Bull Channel, it usually is also in a Trading Range
ZH: 当市场处于宽上涨通道中时，通常它大部分时间也处于震荡区间， 有时甚至暂时处于下降趋势
07:58 - 08:03
EN: for a lot of the time, and sometimes it’s even in brief bear trends.
ZH: 当市场处于宽上涨通道中时，通常它大部分时间也处于震荡区间， 有时甚至暂时处于下降趋势
08:06 - 08:11
EN: When the market’s going up, obviously bulls are buying,
ZH: 在上涨的时候，多头肯定会买入，押注趋势会继续
08:09 - 08:11
EN: betting on trend resumption up.
ZH: 在上涨的时候，多头肯定会买入，押注趋势会继续
08:14 - 08:20
EN: And sometimes the swings down last 10 bars, 20 bars, 30 bars,
ZH: 有时下跌波段持续10、20、30根K线
08:20 - 08:22
EN: and the market can even be Always In Short
ZH: 市场甚至进入了单边下跌
08:22 - 08:26
EN: - which means traders will sell expecting it to go at least lower enough
ZH: ——这意味着交易者会卖出做空，预期市场会进一步回调，
08:26 - 08:32
EN: so they can make a profit by selling,
ZH: 押注做空也能够赚钱，尽管总体来看是一个宽上涨通道
08:28 - 08:32
EN: even though overall we’re still in a Broad Bull Channel.
ZH: 押注做空也能够赚钱，尽管总体来看是一个宽上涨通道
Slide 006
Time: 08:35
Bilingual Transcript
08:35 - 08:39
EN: Here are the days on that chart that I showed you,
ZH: 这是刚才其中几天的日内5分钟图
08:39 - 08:43
EN: and taking them one day at a time, you can see there’s a lot of variety.
ZH: 单独看每天的行情，你可以看到它们各不相同
08:45 - 08:48
EN: We have a bull reversal on the open.
ZH: 这一天，开盘反转上涨
08:48 - 08:50
EN: We sold off a little bit, reversed up.
ZH: 先是略微下跌，然后反转上涨
08:50 - 08:55
EN: Now we have a High 2 or a Wedge bull flag, and now we’re resuming up.
ZH: 然后回调，形成了高2牛旗（也可以说有第3推，是楔形牛旗）， 接着恢复上涨
08:55 - 08:59
EN: Traders are buying on the way up, and it became a very Tight Bull Channel.
ZH: 多头一路买入做多，制造了这个很窄的上涨通道
08:59 - 09:01
EN: And they traded it like a Tight Bull Channel.
ZH: 他们根据窄上涨通道的方法去交易
09:01 - 09:02
EN: They bought for any reason.
ZH: 用任何方式买入
09:02 - 09:05
EN: They bought below bars, betting the reversals down will fail.
ZH: 他们在K线下方买入，押注反转下跌会失败
09:08 - 09:10
EN: This is more of a Trading Range day.
ZH: 这天更多是震荡区间日
09:10 - 09:13
EN: Traders bought for scalps, they sold for scalps.
ZH: 做多剥头皮，做空剥头皮
09:13 - 09:18
EN: And here we have a strong bear breakout below the bottom of the range,
ZH: 这里看似强势地向下跌破了区间的底部
09:18 - 09:21
EN: and whenever you have a strong bear breakout in a Trading Range day,
ZH: 每当震荡区间日出现强势的空头突破
09:21 - 09:24
EN: you always have to be thinking it might be a 2nd Leg Trap,
ZH: 你总是要考虑它是第2段陷阱的可能性
09:24 - 09:27
EN: and instead of a breakout leading to a trend down,
ZH: 而不一定是进入下降趋势
09:27 - 09:30
EN: it could be a breakout leading to a reversal up.
ZH: 很可能是假突破，然后反转上涨
09:30 - 09:36
EN: First leg down was a High 2 bull flag and second leg down
ZH: 第1段下跌是高2牛旗，第2段下跌是失败的空头突破（注：空头陷阱）
09:34 - 09:36
EN: was a strong bear breakout that failed.
ZH: 第1段下跌是高2牛旗，第2段下跌是失败的空头突破（注：空头陷阱）
09:38 - 09:42
EN: Again, a Tight Bull Channel, and the bulls bought for any reason
ZH: 同样，进入窄上涨通道，多头通过各种方式买入
09:42 - 09:45
EN: - at the market, above bull bars, below bull bars.
ZH: ——市价买入，在K线上方买入（突破买单）， 在K线下方买入（限价买单）
09:48 - 09:50
EN: Another reversal up, two legs down.
ZH: 这天也是开盘反转上涨，然后两段回调
09:50 - 09:52
EN: Traders will buy the reversal up.
ZH: 交易者会在恢复上涨的时候买入
09:52 - 09:53
EN: They’ll buy closes.
ZH: 他们会在K线收盘时买入
09:53 - 09:55
EN: They’ll buy the close of the follow-through bar.
ZH: 在跟随K线的收盘买入
09:55 - 09:59
EN: We have a bull flag.
ZH: 牛旗，交易者会在向上突破牛旗的时候买入
09:56 - 09:59
EN: They’ll buy a breakout above a bull flag.
ZH: 牛旗，交易者会在向上突破牛旗的时候买入
09:59 - 10:00
EN: Here, a small High 2 bull flag.
ZH: 这里有一个小的高2牛旗
10:00 - 10:04
EN: We went down, we went up, we went down again, and we’re resuming up.
ZH: 下跌、上涨，再次下跌，然后恢复上涨
10:08 - 10:09
EN: Tight Trading Range.
ZH: 窄震荡区间
10:09 - 10:12
EN: Most traders should not trade it, but limit order traders will scalp.
ZH: 大多数交易者不应该在这里交易， 但有的人会用限价单做剥头皮
10:12 - 10:15
EN: They’ll buy low, sell high, and scalp.
ZH: 逢低买入，逢高卖出，剥头皮赚快钱
10:18 - 10:19
EN: A Broad Bull Channel.
ZH: 宽上涨通道
10:20 - 10:25
EN: We have a high, a Higher Low, another high, another Higher Low.
ZH: 高点，低点抬高，高点抬高，低点抬高
10:25 - 10:29
EN: It’s also a Trading Range for most of the day, so traders will buy low,
ZH: 这一天基本也是震荡区间日，所以交易者会逢低买入，
10:29 - 10:34
EN: sell high, possibly swing longs, and definitely the bears will scalp.
ZH: 逢高卖出；多头可以持有做波段， 空头也一定会做空剥头皮
10:38 - 10:39
EN: Broad Bull Channel.
ZH: 宽上涨通道
10:39 - 10:43
EN: Traders buy low, they sell high, and they take relatively quick profits.
ZH: 交易者低买、高卖，并快速止盈
10:43 - 10:48
EN: Remember, a Broad Bull Channel has Higher Highs and Higher Lows,
ZH: 宽上涨通道尽管低点和高点都在抬高
10:48 - 10:52
EN: but oftentimes it’s mostly sideways, so traders trade it like a Trading Range.
ZH: 但大部分时候主要都是横向的， 所以交易者会像交易震荡区间一样去交易它
10:54 - 10:57
EN: Very Tight Bull Channel, a strong breakout.
ZH: 窄上涨通道，强势的突破
10:57 - 10:59
EN: Traders buy closes, they buy at the market,
ZH: 交易者买收盘、市价买入
10:59 - 11:01
EN: they buy below bars, they buy bull flags.
ZH: 在K线下方买入，在突破牛旗时买入
11:04 - 11:06
EN: And then it entered a Trading Range.
ZH: 然后市场进入震荡区间
11:06 - 11:09
EN: Big up, big down, big confusion, so probably sideways.
ZH: 大涨、大跌、让人感到很困惑，所以很可能要横盘一段时间
11:09 - 11:12
EN: Traders will buy low, sell high, and scalp.
ZH: 交易者会低买、高卖、剥头皮
11:15 - 11:17
EN: Small Pullback Bull Trend day.
ZH: 回调很小的上涨趋势日
11:17 - 11:20
EN: Very strong selloff, Sell The Close selloff on the open,
ZH: 非常强势的抛售——开盘是卖收盘的下降趋势
11:20 - 11:22
EN: and then we got a Micro Double Bottom and a reversal up
ZH: 在形成小双底之后反转上涨
11:22 - 11:26
EN: and a strong breakout, and then we had a Small Pullback Bull Trend.
ZH: 强势的大阳线突破，然后进入回调很小的上涨趋势
11:26 - 11:30
EN: Again, in a Small Pullback Bull Trend, traders are only going to buy.
ZH: 同样，在回调很小的上涨趋势中，交易者只做多、不做空
Slide 007
Time: 11:35
Bilingual Transcript
11:38 - 11:45
EN: When you look at any one of these days, it’s hard to tell simply looking
ZH: 单独看其中任何一天的行情， 很难判断出它属于一个大的宽上涨通道的一部分
11:42 - 11:45
EN: at the day that it’s part of a Broad Bull Channel.
ZH: 单独看其中任何一天的行情， 很难判断出它属于一个大的宽上涨通道的一部分
11:45 - 11:52
EN: That’s because a lot of times you can only see a Broad Bull Channel
ZH: 因为你往往需要100多、200根K线，才能看到宽上涨通道的全貌
11:49 - 11:52
EN: if you look at a lot of bars – 100 or 200 bars.
ZH: 因为你往往需要100多、200根K线，才能看到宽上涨通道的全貌
11:52 - 11:54
EN: If you’re looking at a 5-minute chart on the screen,
ZH: 如果你在屏幕上看5分钟K线图
11:54 - 11:56
EN: typically you’re looking at about 100 bars,
ZH: 通常你会看到大约100根K线
11:56 - 12:00
EN: and most of the time Broad Bull Channels are not clear
ZH: 而大多数时候，宽上涨通道并不清晰
12:00 - 12:04
EN: unless you look at several days of trading and not just one day of trading.
ZH: 除非你看好几天整体的行情
12:04 - 12:07
EN: Or you can look at a higher timeframe chart.
ZH: 或者你可以看更高时间周期的K线图
12:07 - 12:15
EN: A higher timeframe chart, a Broad Bull Channel on the 5-minute chart
ZH: 5分钟图上的宽上涨通道，在更高的时间周期， 比如15分钟或60分钟图上，大概率是相对比较窄的通道
12:11 - 12:15
EN: is probably going to be a relatively Tight Channel
ZH: 5分钟图上的宽上涨通道，在更高的时间周期， 比如15分钟或60分钟图上，大概率是相对比较窄的通道
12:13 - 12:15
EN: on the 15-minute or 60-minute chart.
ZH: 5分钟图上的宽上涨通道，在更高的时间周期， 比如15分钟或60分钟图上，大概率是相对比较窄的通道
12:15 - 12:18
EN: But in either case it’ll be a bull trend.
ZH: 但总之都是上涨趋势
12:21 - 12:28
EN: Most day traders are aware that the market is trending up
ZH: 日内交易员知道过去几天市场处于宽上涨通道，在上涨
12:26 - 12:28
EN: for the past several days in a Broad Bull Channel.
ZH: 日内交易员知道过去几天市场处于宽上涨通道，在上涨
12:28 - 12:32
EN: However, they trade each day as it unfolds, and that means
ZH: 但他们根据每天的行情调整交易策略，
12:32 - 12:36
EN: sometimes you’ll have a bear swing, and they’ll trade it short
ZH: 如果某天有下跌的波段机会，他们就会做空
12:36 - 12:40
EN: even though the past 2 or 3 days might be in a bull trend.
ZH: 尽管过去两三天确实是上涨趋势
12:45 - 12:49
EN: If you do see that the market is trending up for 3, 4, 5 days,
ZH: 如果市场确实连续上涨了3、4、5天
12:50 - 12:52
EN: then you look at the 5-minute chart today.
ZH: 那么今天你在交易5分钟图的时候
12:52 - 13:01
EN: It’s better to focus on buy setups because the odds are the trend
ZH: 最好关注做多的机会，因为大概率过去几天的趋势在今天也会继续
12:57 - 13:01
EN: of the past 3, 4, or 5 days will continue today as well.
ZH: 最好关注做多的机会，因为大概率过去几天的趋势在今天也会继续
13:01 - 13:05
EN: And that means it’ll be easier to make money buying
ZH: 毕竟在上涨趋势中，买入做多更容易赚钱
13:03 - 13:05
EN: if the market’s in a bull trend.
ZH: 毕竟在上涨趋势中，买入做多更容易赚钱
Slide 008
Time: 13:09
Bilingual Transcript
13:09 - 13:12
EN: 9 days in a Broad Bull Channel.
ZH: 宽上涨通道持续了9天
13:19 - 13:22
EN: Again, if you’re looking at a 5-minute chart and you’re a day trader,
ZH: 再讲一遍，如果你看5分钟图做日内交易，
13:22 - 13:25
EN: you’re not going to be paying much attention to these 9 days,
ZH: 你不会关注过去9天这么大的通道
13:25 - 13:32
EN: and therefore you may not be aware that today is actually part
ZH: 因此你不一定知道今天的行情实际上是9天以来宽上涨通道的一部分
13:30 - 13:32
EN: of a 9 day Broad Bull Channel.
ZH: 因此你不一定知道今天的行情实际上是9天以来宽上涨通道的一部分
13:37 - 13:44
EN: If you’re a day trader, you’re looking at today
ZH: 如果你是日内交易者， 你今天只需要根据屏幕上过去的100根K线交易即可
13:39 - 13:44
EN: and you’ll be placing your day trades based upon the 100 bars
ZH: 如果你是日内交易者， 你今天只需要根据屏幕上过去的100根K线交易即可
13:42 - 13:44
EN: that you have on the screen in front of you,
ZH: 如果你是日内交易者， 你今天只需要根据屏幕上过去的100根K线交易即可
13:44 - 13:48
EN: not paying a lot of attention to the 200 or 300 bars to the left.
ZH: 不用关注过去200、300根K线这么多
Slide 009
Time: 13:50
Bilingual Transcript
13:55 - 14:06
EN: If you do look at more days – for example, if you put up a bar chart
ZH: 如果你真的想看更多的天数——比如换成美式K线， 然后疯狂缩小屏幕，你就能看到几百根K线，看到这个宽上涨通道
14:00 - 14:06
EN: and compress the bars so that you can see many hundred bars on the chart
ZH: 如果你真的想看更多的天数——比如换成美式K线， 然后疯狂缩小屏幕，你就能看到几百根K线，看到这个宽上涨通道
14:04 - 14:06
EN: you can see that it’s a Broad Bull Channel.
ZH: 如果你真的想看更多的天数——比如换成美式K线， 然后疯狂缩小屏幕，你就能看到几百根K线，看到这个宽上涨通道
14:06 - 14:11
EN: However, you can do it faster by simply looking
ZH: 直接切换到15分钟或60分钟图会更快一些
14:09 - 14:11
EN: at a 60-minute chart or a 15-minute chart.
ZH: 直接切换到15分钟或60分钟图会更快一些
14:12 - 14:15
EN: As I said, if you want you can trade it on a higher timeframe chart.
ZH: 之前说过，你可以在更高的时间周期去交易
14:21 - 14:24
EN: Whether you’re looking at a 5-minute chart or a 15-minute chart,
ZH: 无论你看5分钟图还是15分钟图
14:24 - 14:28
EN: you can tell that the market is forming Higher Highs, Higher Lows,
ZH: 你可以发现高点在不断抬高，低点也在抬高
14:28 - 14:31
EN: and is working higher, and therefore every time there’s a selloff,
ZH: 而且价格在上涨，因此只要有下跌
14:31 - 14:35
EN: you’ll bet the bear reversal will fail and you’ll buy a reversal up.
ZH: 你就可以押注空头反转的尝试会失败， 然后买入做多，押注上涨趋势恢复
14:35 - 14:39
EN: The result is you’re buying a pullback, buying a pullback, buying a pullback.
ZH: 于是你不断的在回调时买入、买入、买入、
14:39 - 14:42
EN: Pullback, pullback, pullback.
ZH: 买入、买入、买入、
14:42 - 14:45
EN: You’re betting that the bear reversal will fail, so you buy the reversal up.
ZH: 你在押注空头反转会失败，所以买入押注上涨趋势恢复
14:46 - 14:48
EN: And that’s what you always do in a bull trend.
ZH: 那就是你在上涨趋势中应该做的事
14:48 - 14:51
EN: You’re always betting that bear reversals will fail,
ZH: 始终押注空头反转会失败
14:51 - 14:54
EN: so you look for them to fail and you buy the reversal up.
ZH: 你等待他们失败，然后在恢复上涨时买入
14:59 - 15:02
EN: Some traders who trade higher timeframe charts,
ZH: 有的交易者在更高时间周期交易
15:02 - 15:04
EN: like a 15-minute chart or a 60-minute chart,
ZH: 比如15分钟图或60分钟图
15:04 - 15:08
EN: will look at a smaller timeframe chart for a slightly earlier entry.
ZH: 他们会在小周期找机会提前入场
15:09 - 15:13
EN: For example, if you were looking at a 60-minute chart or a 15-minute chart,
ZH: 例如，假设你看15分钟图或60分钟图交易
15:13 - 15:16
EN: you’d see the bull trend and you’d see the reversal down.
ZH: 你看到它是上涨趋势，然后反转下跌
15:16 - 15:20
EN: You’d bet it will fail, and you’d put up a 5-minute chart to enter
ZH: 你想押注反转失败，于是打开5分钟图
15:20 - 15:25
EN: above a 5-minute bar – the same with here or here – instead of waiting to enter
ZH: 在一根5分钟K线上方买入——这里或这里
15:25 - 15:29
EN: above a 60-minute bar, which probably would be a much higher price.
ZH: 在一根60分钟K线上方买入的话，成本会更高
15:33 - 15:39
EN: Here’s a 15-minute chart of that same Broad Bull Channel
ZH: 这是刚才那个宽上涨通道的15分钟图
Slide 010
Time: 15:35
Bilingual Transcript
15:37 - 15:39
EN: that I’ve been showing on the 5-minute chart.
ZH: 这是刚才那个宽上涨通道的15分钟图
15:43 - 15:44
EN: Here, it’s a Trading Range.
ZH: 这里有一个震荡区间
15:44 - 15:47
EN: It’s a Trading Range within a Broad Bull Channel, but it’s a Trading Range,
ZH: 它是宽上涨通道中的一部分
15:47 - 15:49
EN: and you can trade it like a Trading Range.
ZH: 你可以按照震荡区间来交易它
15:49 - 15:59
EN: You look to buy low, sell high, and scalp, betting that every leg up and down
ZH: 低买、高卖、剥头皮赚快钱， 押注每次上涨和下跌之后都会继续横盘，而不是进入新的趋势
15:55 - 15:59
EN: is more likely to continue sideways than become part of a new trend.
ZH: 低买、高卖、剥头皮赚快钱， 押注每次上涨和下跌之后都会继续横盘，而不是进入新的趋势
16:03 - 16:05
EN: It’s obviously also in a bull trend,
ZH: 显然市场也处于上涨趋势
16:05 - 16:08
EN: and you can trade it like a Broad Bull Channel.
ZH: 你可以按照宽上涨通道来交易它
16:08 - 16:12
EN: Buy low, use an appropriate stop, and then just hold for a swing
ZH: 逢低买入，设置正确的止损，然后持有做波段，
16:12 - 16:14
EN: until it’s no longer in a bull channel.
ZH: 直到它不再是上涨通道
16:19 - 16:26
EN: You can buy, use an appropriate stop, and hold overnight until you either have
ZH: 买入，设置正确的止损，持仓过夜
16:26 - 16:30
EN: your profit target met or you think it’s no longer in a bull trend.
ZH: 直到达到你的目标位，或者直到你认为上涨趋势已经不再成立
16:34 - 16:37
EN: Or you could simply buy every day and then get out at the close.
ZH: 或者，你可以每天找机会买入，然后在收盘时离场
16:37 - 16:39
EN: Buy, get out at the end of the day.
ZH: 买入，在收盘时离场
16:39 - 16:40
EN: Buy, get out at the end of the day.
ZH: 买入，在收盘时离场
16:40 - 16:42
EN: Buy, get out at the end of the day.
ZH: 买入，在收盘时离场
16:47 - 16:49
EN: Or you could simply exit on a reversal down.
ZH: 也可以直接在反转下跌时离场
16:49 - 16:56
EN: You buy, and it’s not quite the end of the day, but you’re near the top
ZH: 买入，还没有临近收盘，但市场处于震荡区间的上沿， 并且开始反转下跌
16:53 - 16:56
EN: of the Trading Range and it’s starting to reverse down.
ZH: 买入，还没有临近收盘，但市场处于震荡区间的上沿， 并且开始反转下跌
16:59 - 17:01
EN: Here’s a 60-minute chart.
ZH: 这里是一张60分钟图
Slide 011
Time: 17:00
Bilingual Transcript
17:01 - 17:06
EN: The same 9 day stretch, but this time it’s the 60-minute chart.
ZH: 也是刚才那个持续了9天的宽通道，只不过每根K线是60分钟
17:09 - 17:11
EN: And the channel is fairly tight.
ZH: 并且通道相当窄
17:11 - 17:14
EN: Pullbacks are only lasting a few bars, mostly sideways.
ZH: 回调只持续几根K线，主要是横盘
17:17 - 17:21
EN: And when the market is in a fairly Tight Channel,
ZH: 当市场处于很窄的上涨通道时，做空很难赚到钱
17:19 - 17:21
EN: it’s very difficult to make money selling.
ZH: 当市场处于很窄的上涨通道时，做空很难赚到钱
17:22 - 17:25
EN: If you’re trading those 9 days on a 60-minute chart,
ZH: 如果过去9天，你根据60分钟图交易
17:25 - 17:26
EN: you’re only going to be buying.
ZH: 那你就只会买入做多
17:27 - 17:29
EN: You’ve got a breakout bar and a bull close.
ZH: 大阳线突破，跟随K线也是阳线
17:29 - 17:33
EN: You buy the close, and you’ve got more follow-through here.
ZH: 可以在它的收盘买入，而且后续有更多的跟随
17:33 - 17:35
EN: You have a bull flag, a High 1 bull flag.
ZH: 这是一个牛旗，高1牛旗
17:35 - 17:36
EN: You buy above the high of that bar.
ZH: 在那根K线的高点上方买入
17:36 - 17:37
EN: And the same here.
ZH: 这里也是一样
17:38 - 17:40
EN: Here you got a bull breakout, strong close.
ZH: 大阳线突破，强势的跟随
17:40 - 17:44
EN: You buy above this bar, a pullback, or you could buy the closes.
ZH: 可以在这根K线上方买入——它是一次回调（跌破了前一根K线的最低点） 或者你也可以在K线收盘时买入
17:44 - 17:46
EN: Here you got a reversal down.
ZH: 这里市场反转下跌
17:46 - 17:50
EN: You have a Double Bottom bull flag, slightly Lower Low
ZH: 双底牛旗，低点略微降低，并且有双K反转的结构
17:48 - 17:50
EN: for a Double Bottom, and a 2 bar reversal.
ZH: 双底牛旗，低点略微降低，并且有双K反转的结构
17:50 - 17:52
EN: You buy on a stop above the reversal.
ZH: 在反转上涨时用突破买单入场做多
17:52 - 17:56
EN: You buy a breakout or you buy the close of the follow-through bar.
ZH: 可以在突破K线或跟随K线的收盘买入
17:56 - 17:59
EN: Here you got a Triangle, three pushes down – one and then bull bar,
ZH: 这里有一个三角形，3次向下推动—— 1，阳线；
17:59 - 18:01
EN: two and then bull bar, and then three.
ZH: 2，阳线；然后是3
18:01 - 18:03
EN: You could buy the breakout there.
ZH: 可以在向上突破时买入
18:04 - 18:09
EN: In any case, the important point is on the 60-minute chart it’s a Tight Channel,
ZH: 总之，关键点是，60分钟图是一个窄上涨通道
18:09 - 18:12
EN: even though it’s a Broad Channel on the 5- and 15-minute charts.
ZH: 尽管在5分钟和15分钟图上它是一个宽通道
18:12 - 18:14
EN: If you’re trading the 60-minute chart,
ZH: 如果你在交易60分钟图
18:14 - 18:17
EN: you’re only going to be buying because the channel is tight.
ZH: 你就只能买入做多，因为通道很窄
18:22 - 18:27
EN: After each strong breakout to a new high, you then know
ZH: 每次强势突破创新高之后， 你就知道这是一个比较重要的低点
18:25 - 18:31
EN: this is a major Lower High, and you raise your stop
ZH: 每次强势突破创新高之后， 你就知道这是一个比较重要的低点 可以把止损抬高到最近一个上涨波段的起涨点下方
18:28 - 18:31
EN: to just below the bottom of the major leg up.
ZH: 可以把止损抬高到最近一个上涨波段的起涨点下方
18:32 - 18:34
EN: It doesn’t matter whether you bought here.
ZH: 不论你是在这里买入，还是在这里买入
18:34 - 18:37
EN: Once you see this, your stop goes here.
ZH: 一旦看到突破，就把止损移动到这里
18:37 - 18:39
EN: If you bought here and you’re still holding long,
ZH: 如果你在这里就买入了，而且一直持有
18:39 - 18:42
EN: and now the market’s up here, the stop goes here.
ZH: 市场涨到这里之后，把止损移动到它的下方
18:42 - 18:46
EN: You’ve got to trail your stop up after each strong breakout to a new high.
ZH: 每次强势突破创新高之后，你就必须抬高止损
18:50 - 18:54
EN: The market’s in a Trading Range here and not a Tight Channel.
ZH: 这里市场处于震荡区间，而不是窄通道
18:54 - 18:56
EN: You can trade it like a Trading Range.
ZH: 你可以像交易震荡区间一样来交易它
18:56 - 19:00
EN: However, the range is so tight and it’s following a bull trend.
ZH: 然而，这个区间太窄了，而且左边是上涨趋势
19:00 - 19:04
EN: You’re more likely to get trend resumption up than trend reversal down,
ZH: 所以更有可能继续上涨，而不是反转下跌
19:04 - 19:12
EN: so a lot of traders would concentrate on only taking the buys
ZH: 所以很多交易者会专心做多，不考虑做空， 直到出现明确的、可靠的大反转结构
19:07 - 19:12
EN: and not take the shorts until there’s a clear, strong Major Trend Reversal.
ZH: 所以很多交易者会专心做多，不考虑做空， 直到出现明确的、可靠的大反转结构
19:12 - 19:20
EN: This is a Lower High, a Double Top, but I’m not sure
ZH: 这是一个高点抬高的双顶，但没有很大的卖压， 所以不确定这是否是一个好的做空机会
19:16 - 19:20
EN: that there’s enough Selling Pressure to make this a worthwhile sell,
ZH: 这是一个高点抬高的双顶，但没有很大的卖压， 所以不确定这是否是一个好的做空机会
19:20 - 19:23
EN: betting it’s a slightly Higher High Major Trend Reversal.
ZH: 押注这是一个高点抬高的大反转
19:23 - 19:25
EN: Too many big bull bars, not enough bear bars.
ZH: 太多大阳线，阴线不够多
19:25 - 19:28
EN: The reversal down probably will fail.
ZH: 反转下跌大概率会失败
19:35 - 19:39
EN: When you get a breakout like this – you broke below that low
ZH: 当你看到这样的突破——跌破那个低点，
19:39 - 19:42
EN: and you reversed up and you have a good 2 bar reversal,
ZH: 很快反转上涨，并且有很好的双K反转结构，
19:42 - 19:44
EN: you’ve got two legs down, one, pullback, two
ZH: 而且是震荡区间中的第2段陷阱——1，反弹，2
19:44 - 19:46
EN: - let’s say you buy on a stop above this bull bar.
ZH: 假设你在这个阳线上方用突破买单入场
19:46 - 19:53
EN: It’s okay to use a stop here because if this is a resumption
ZH: 把止损放在这里是可以的， 因为如果上涨趋势恢复——大概率会恢复
19:51 - 19:57
EN: of the bull trend – and it probably is – it should not fall
ZH: 把止损放在这里是可以的， 因为如果上涨趋势恢复——大概率会恢复 那它就不应该跌破这个低点、不应该跌破双底
19:55 - 19:57
EN: below this low, below this Double Bottom.
ZH: 那它就不应该跌破这个低点、不应该跌破双底
19:57 - 20:00
EN: And therefore, some traders would use a tight stop
ZH: 所以有些交易者会把止损放在这个低点下方
20:00 - 20:02
EN: even before the strong breakout.
ZH: 尽管此时还没有强势突破创新高
20:02 - 20:06
EN: These traders buying here, as soon as they enter,
ZH: 他们在这里挂突破买单，一旦成交、入场，
20:06 - 20:08
EN: would put their stop here instead of down here.
ZH: 他们就把止损放在这里，而不是放在最下面
20:08 - 20:12
EN: They could use the wider stop, but if this reversal is good,
ZH: 尽管可以使用更宽的止损，但如果这是一个足够好的反转机会
20:12 - 20:18
EN: it should not fall below this Double Bottom, and therefore it’s okay
ZH: 就不应该跌破这个双底， 所以这根阳线上方的突破买单被触发之后，
20:16 - 20:23
EN: to use the tight stop even as soon as the market trades above that bull bar
ZH: 就不应该跌破这个双底， 所以这根阳线上方的突破买单被触发之后， 不等突破就直接把止损放在这里，也是合理的
20:20 - 20:23
EN: instead of waiting for a strong breakout to a new high.
ZH: 不等突破就直接把止损放在这里，也是合理的
20:27 - 20:29
EN: Breakout, you only want to buy.
ZH: 突破，只能做多
20:29 - 20:31
EN: Tight Channel, you only want to buy.
ZH: 窄通道，只能做多
Slide 012
Time: 20:35
Bilingual Transcript
20:36 - 20:40
EN: I talked a little bit about major and minor lows.
ZH: 这节课我讲解了重要和次要的低点
20:40 - 20:43
EN: If you have a major reversal down,
ZH: 如果有大的反转下跌 （注：跌破重要低点）
20:43 - 20:46
EN: you’re expecting an opposite trend or possibly a Trading Range.
ZH: 市场可能进入下降趋势，或者震荡区间
20:46 - 20:48
EN: If you have a minor reversal down,
ZH: 如果只是小反转（注：只是跌破次要低点）
20:48 - 20:51
EN: you’re expecting a bull flag or a Trading Range.
ZH: 更有可能只是牛旗，或变成震荡区间
20:52 - 20:56
EN: Most traders will not exit if the market falls below a minor low
ZH: 如果市场只是跌破一个次要的低点， 大多数交易者不会离场
20:56 - 20:58
EN: because the odds are there’ll be buyers below.
ZH: 因为大概率在下方有更多买盘
20:58 - 21:02
EN: On the other hand, if it falls below a major low in a bull trend,
ZH: 然而，如果上涨趋势的重要低点被跌破
21:02 - 21:06
EN: then it’s no longer a bull trend on that chart, on the chart in front of you.
ZH: 那么你面前的K线图就不再是上涨趋势
21:06 - 21:09
EN: It might still be a bull trend on a higher timeframe chart,
ZH: 在更高的时间周期，也许仍然是上涨趋势
21:09 - 21:12
EN: but the chart you’re looking at is no longer a bull trend.
ZH: 但至少在这个周期，它不再是上涨趋势
21:12 - 21:15
EN: It’s now either a bear trend or a Trading Range.
ZH: 现在要么是下降趋势，要么是震荡区间
21:17 - 21:21
EN: Sometimes in a Broad Bull Channel you can get legs down
ZH: 有时在宽上涨通道中，会有持续很久的下跌波段
21:21 - 21:25
EN: that last a lot of bars, and if you’re looking at a Broad Bull Channel
ZH: 如果你看到一个持续了几百根K线的宽上涨通道
21:23 - 21:31
EN: that has several hundred bars in it, you can often get 30, 40, or 50 bars
ZH: 如果你看到一个持续了几百根K线的宽上涨通道 其中的下跌波段经常会有30、40或50根K线—— 也就是持续好几个小时
21:28 - 21:31
EN: in a bear swing – in other words, a swing down that lasts several hours
ZH: 其中的下跌波段经常会有30、40或50根K线—— 也就是持续好几个小时
21:31 - 21:38
EN: - and the market can even be Always In Short, which means if you sell,
ZH: 甚至市场可以暂时进入单边下跌， 这时候可以做空，押注至少还会再下跌一些
21:35 - 21:38
EN: you believe it’s going at least a little bit lower.
ZH: 甚至市场可以暂时进入单边下跌， 这时候可以做空，押注至少还会再下跌一些
21:38 - 21:43
EN: Yet the bear reversal will fail and the bull trend will resume.
ZH: 但最终反转会失败，上涨趋势会恢复（宽上涨通道）
21:47 - 21:48
EN: I’m Al Brooks.
ZH: 我是阿尔·布鲁克斯
21:48 - 21:50
EN: Thank you for watching the Brooks Trading Course.
ZH: 感谢观看布鲁克斯交易课程
21:50 - 21:55
EN: This is the second of five videos on trading Broad Bull Channels.
ZH: 如何交易宽上涨通道的第2节课，就先讲到这里