al-brooks-course
46C - Trading Broad Bear Channels
Raw transcript and slide notes for 46C - Trading Broad Bear Channels.
Overview
- Slides: 14
- Transcript segments: 344
- 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 third of five videos on trading Broad Bear Channels.
ZH: 这是如何交易宽下降通道的第3节课
Slide 001
Time: 00:11
Bilingual Transcript
00:14 - 00:22
EN: Because it’s a bear trend, bears will sell, but the market sometimes
ZH: 因为是下降趋势，所以当然可以做空； 但有时会出现足够强势的反转，所以做多也能赚钱
00:17 - 00:22
EN: has strong enough reversals up so that bulls can sometimes make money buying.
ZH: 因为是下降趋势，所以当然可以做空； 但有时会出现足够强势的反转，所以做多也能赚钱
00:23 - 00:28
EN: Also, Broad Bear Channels often are Always In Long,
ZH: 此外，宽下降通道中经常会有单边上涨的时候
00:28 - 00:31
EN: but the rallies are bull legs in a bear trend.
ZH: 但那只是下降趋势中的反弹波段
Slide 002
Time: 00:33
Bilingual Transcript
00:36 - 00:39
EN: Broad Bear Channel, but a lot of the rallies are big enough
ZH: 宽下降通道，但反弹足够大
00:39 - 00:42
EN: for the bulls to make money either swing trading or scalping.
ZH: 多头可以通过波段交易或剥头皮交易赚钱
00:49 - 00:53
EN: The market’s forming Lower Highs and the market’s in a bear trend.
ZH: 高点不断降低，市场处于下降趋势
00:53 - 00:55
EN: Traders will look to sell reversals down.
ZH: 空头寻找逢高做空的机会
00:55 - 00:59
EN: Even after a pullback this big, this is actually simply a Wedge rally.
ZH: 尽管有这么大的反弹，它实际上是一个楔形熊旗
00:59 - 01:03
EN: One, two, three, and a Double Top, slightly Lower High Double Top
ZH: 1，2，3，还有一个高点降低的双顶
01:03 - 01:05
EN: below the top of the bear trend.
ZH: 在下降趋势的起跌点下方
01:05 - 01:10
EN: Reversal up, but it looks like a bear leg in a Trading Range
ZH: 反转上涨，但看起来像是震荡区间中的上涨波段
01:10 - 01:12
EN: or a bear leg in a Broad Bear Channel.
ZH: 或者是宽下降通道中的上涨波段
01:17 - 01:20
EN: Traders will therefore sell reversals down here or here.
ZH: 因此空头会在恢复下跌的时候卖出做空，这里或这里
01:20 - 01:24
EN: And then again, very strong rally, but unless it gets
ZH: 这里又出现了非常强势的反弹，
01:24 - 01:33
EN: above prior significant Lower Highs, it’s more likely that this is a bull leg
ZH: 但除非它突破前期的重要高点， 否则就仍然只是震荡区间或宽下降通道中的上涨波段
01:29 - 01:33
EN: in either a Trading Range or a bear channel, and therefore traders
ZH: 但除非它突破前期的重要高点， 否则就仍然只是震荡区间或宽下降通道中的上涨波段
01:33 - 01:36
EN: will look to sell – especially a very big bar
ZH: 所以空头会寻找做空机会
01:36 - 01:38
EN: near the top of the channel or the top of the Trading Range.
ZH: 尤其是通道或区间上沿附近出现大的阴线
01:38 - 01:41
EN: Traders will bet that it’s a 2nd Leg Trap.
ZH: 空头押注它是第2段陷阱
01:41 - 01:44
EN: First leg is either here, pullback, here.
ZH: 第1段在这里，回调，第2段
01:44 - 01:48
EN: Other computers will see the first leg as this and then pause
ZH: 有的计算机程序会把这里看作第1段，然后暂停，
01:48 - 01:55
EN: and second leg up, trapping traders with the biggest bull bar
ZH: 第2段上涨，用区间顶部最大的大阳线把多头骗进来杀
01:52 - 01:55
EN: at the top of a Trading Range and the top of a channel.
ZH: 第2段上涨，用区间顶部最大的大阳线把多头骗进来杀
01:55 - 01:58
EN: Trapping traders into thinking it’s becoming Always In Long,
ZH: 诱使交易者相信市场正在单边上涨
01:58 - 02:02
EN: but the reality is there are far more bears looking for bars like this
ZH: 但实际上，有更多的空头在等待这样的K线
02:02 - 02:06
EN: to come in and sell and overwhelm the weak bulls who are buying too high.
ZH: 他们冲进来大量做空，把追涨的多头套牢了
02:11 - 02:17
EN: If you sold in here, you probably are putting your stop up
ZH: 如果你在这里卖出，你可以把止损放在下降趋势的起跌点上方
02:14 - 02:17
EN: above the top of the bear trend.
ZH: 如果你在这里卖出，你可以把止损放在下降趋势的起跌点上方
02:22 - 02:22
EN: A Double Top.
ZH: 双顶
02:22 - 02:24
EN: You can also call it a Wedge.
ZH: 也可以说它是楔形顶
02:24 - 02:29
EN: Three rallies, one, two, three, even though the second
ZH: 3次反弹——1，2，3； 尽管第2和第3推的价格差不多
02:27 - 02:29
EN: and third rally were at the same price.
ZH: 3次反弹——1，2，3； 尽管第2和第3推的价格差不多
02:34 - 02:36
EN: Wedge bear flag and a Lower High.
ZH: 3推楔形熊旗，低于前期高点
02:37 - 02:39
EN: Bear breakout.
ZH: 向下跌破，不是特别强势
02:38 - 02:39
EN: Not very strong.
ZH: 向下跌破，不是特别强势
02:39 - 02:42
EN: Now we have a small Double Top here, a Triangle.
ZH: 现在又有一个小双顶，和三角形
02:42 - 02:44
EN: Traders will look to sell a reversal down
ZH: 空头会在反转下跌时
02:44 - 02:46
EN: below a good-looking bear bar like that.
ZH: 在这样一根漂亮的阴线下方卖出做空
02:53 - 02:57
EN: Head and Shoulders Top bear flag – left shoulder, head, right shoulder
ZH: 头肩顶熊旗——左肩、头、右肩
02:57 - 03:00
EN: - or you could simply call it a Broad Bear Channel
ZH: 或者你可以直接说它是宽下降通道
03:00 - 03:05
EN: where you have a pretty strong rally, but still below prior major Lower Highs.
ZH: 有非常强势的反弹，但仍然低于前期的重要高点
Slide 003
Time: 03:10
Bilingual Transcript
03:13 - 03:17
EN: If you have a bear trend and it’s starting to get fairly deep pullbacks,
ZH: 如果下降趋势中出现了非常大的反弹
03:17 - 03:20
EN: then it’s probably a Broad Bear Channel and not a Tight Bear Channel
ZH: 那么它大概率是宽下降通道，而不是窄通道
03:20 - 03:24
EN: - and if it’s a Broad Bear Channel, bulls will look to buy below prior lows,
ZH: ——如果确实是宽下降通道， 那么多头会在前期低点下方买入做多
03:25 - 03:29
EN: and some bears will start buying below prior lows to take profits.
ZH: 同时一些空头会在前期低点下方买入止盈
03:30 - 03:31
EN: The bears start to sell rallies instead
ZH: 空头开始等待反弹再做空
03:31 - 03:35
EN: of breakouts to new lows, and then they take profits.
ZH: 而不是在跌破创新低的时候追空
03:35 - 03:39
EN: They buy back their shorts once the market falls to a new low.
ZH: 他们在价格跌到新低的时候买入止盈
03:39 - 03:44
EN: So, you get these strong bear breakouts that just fail because at a new low,
ZH: 所以这些强势跌破的尝试失败了，
03:44 - 03:49
EN: the bears are buying back their shorts, doubting that the trend
ZH: 因为空头在新低买入止盈， 他们怀疑趋势不够强，不足以直线下跌
03:47 - 03:49
EN: is strong enough to continue straight down.
ZH: 因为空头在新低买入止盈， 他们怀疑趋势不够强，不足以直线下跌
03:49 - 03:51
EN: So, they take profits at new lows.
ZH: 因此，他们在新低止盈
03:51 - 03:56
EN: The bulls know the bears are doing that, so the bulls
ZH: 多头知道空头在这么做，所以多头在新低时买入做多
03:54 - 04:00
EN: are buying new lows as well, and then the bears are looking
ZH: 多头知道空头在这么做，所以多头在新低时买入做多 空头等反弹到中间三分之一的地方再卖出做空
03:57 - 04:00
EN: to sell somewhere in the middle third of the prior leg down,
ZH: 空头等反弹到中间三分之一的地方再卖出做空
04:01 - 04:02
EN: and the bulls will take profits there
ZH: 同时多头会在那里止盈
04:02 - 04:06
EN: because they know the reversals up are probably going to be minor.
ZH: 因为他们知道反弹大概率不会持续太久
04:11 - 04:13
EN: Here we have 8 bars without a pullback
ZH: 这里连续上涨了8根K线没有回调
04:13 - 04:16
EN: and a lot of bull bars closing above their midpoints.
ZH: 其中很多阳线收在一半以上
04:16 - 04:20
EN: Reasonably strong rally, but Tight Bear Channel, and therefore minor,
ZH: 相当强势的反弹，但左边是窄下降通道，所以是小反转
04:20 - 04:26
EN: which means it probably will lead to a Trading Range
ZH: 也就是说最多变成震荡区间或熊旗， 然后下降趋势恢复
04:23 - 04:26
EN: or a bear flag and a resumption of the bear trend.
ZH: 也就是说最多变成震荡区间或熊旗， 然后下降趋势恢复
04:30 - 04:31
EN: This is important.
ZH: 这很重要
04:32 - 04:34
EN: We have a Double Bottom and a breakout.
ZH: 双底反转失败，向下跌破
04:35 - 04:39
EN: We fell pretty far below the breakout point (either of these lows),
ZH: 大幅跌破了突破点（这两个低点都是）
04:39 - 04:43
EN: but we rallied back above the breakout point, and that means
ZH: 但又反弹回到突破点上方，
04:43 - 04:47
EN: this is a stairs pattern when you have pullbacks above breakout points.
ZH: 说明这是阶梯式下跌，反弹和突破点之间有重叠
04:47 - 04:51
EN: What’s important to note is that bulls buying lows
ZH: 重点是要注意，多头在前期低点挂单买入
04:51 - 04:53
EN: and scaling in lower are making money.
ZH: 并且逢低加仓，这样做能赚到钱
04:53 - 04:56
EN: Bulls are making money in a bear trend.
ZH: 多头在下降趋势中能赚钱
04:56 - 05:00
EN: That usually means the bear trend is weak, so you have to be thinking
ZH: 这通常意味着下降趋势比较弱
05:00 - 05:04
EN: that it’s probably a Broad Bear Channel and not a Tight Bear Channel.
ZH: 所以必须要考虑，它更有可能是宽下降通道，而不是窄通道
05:07 - 05:13
EN: Once bulls see that, they’ll start to look to buy
ZH: 一旦多头看到这一点， 他们就会开始在前期低点及下方逢低买入
05:11 - 05:13
EN: at new lows and below prior lows.
ZH: 一旦多头看到这一点， 他们就会开始在前期低点及下方逢低买入
05:18 - 05:22
EN: Not only did this pullback go above that low,
ZH: 反弹不仅仅超过了这个低点
05:22 - 05:24
EN: we have a second leg up that went above this high.
ZH: 第2段上涨又略微高于这个高点
05:25 - 05:27
EN: Two legs up and a Higher High.
ZH: 两段上涨，高点抬高
05:27 - 05:34
EN: Probably a Trading Range, but still a bull leg
ZH: 大概率是震荡区间， 所以它仍然只是震荡区间或宽下降通道中的上涨波段
05:31 - 05:34
EN: in either a Trading Range or a bear trend.
ZH: 大概率是震荡区间， 所以它仍然只是震荡区间或宽下降通道中的上涨波段
05:34 - 05:38
EN: It’s important to note the strength of the rallies, and the bulls
ZH: 重点是要观察反弹的幅度，
05:38 - 05:42
EN: therefore are confident that subsequent rallies will also be strong.
ZH: 因此多头认为后续的反弹也会很强势
05:43 - 05:46
EN: They’ll look to buy reversals up from new lows.
ZH: 当价格从新低反转上涨时，他们会买入做多
05:51 - 05:54
EN: The bears are disappointed by the size of these rallies,
ZH: 空头看到这么大的反弹，感到失望
05:54 - 05:57
EN: so are they going to be selling at the new lows?
ZH: 他们还愿意在创新低的时候追空吗？
05:57 - 05:59
EN: No, because they’re afraid of another big rally,
ZH: 不愿意，因为他们担心再次出现大幅的反弹
05:59 - 06:01
EN: and it might turn into a bull trend.
ZH: 甚至会变成上涨趋势
06:01 - 06:09
EN: Therefore, the bears stop selling at new lows, and they buy back their shorts
ZH: 因此，空头在新低不会追空，而是买入回补， 等待反弹的时候再卖出做空
06:06 - 06:09
EN: at new lows and look to sell rallies.
ZH: 因此，空头在新低不会追空，而是买入回补， 等待反弹的时候再卖出做空
06:14 - 06:19
EN: Once bulls see that limit order bulls buying below prior lows can make money
ZH: 一旦多头看到：在前期低点下方用现价买单可以赚钱
06:19 - 06:22
EN: - in other words, the pullbacks are going above the breakout points
ZH: ——换句话说，反弹回到突破点上方
06:22 - 06:25
EN: - the bulls become more confident, and they’ll look
ZH: 多头就变得更有信心
06:25 - 06:28
EN: to buy every new low and scale in lower.
ZH: 他们会在每个前期低点挂单买入，并逢低加仓
Slide 004
Time: 06:30
Bilingual Transcript
06:36 - 06:44
EN: We broke below this low, but the bulls see the bulls who bought at that low
ZH: 跌破了这个低点，但多头看到在之前那个低点及其下方 逢低买入的人能够轻松地赚钱
06:41 - 06:44
EN: and lower or the bulls who simply bought lower made money,
ZH: 跌破了这个低点，但多头看到在之前那个低点及其下方 逢低买入的人能够轻松地赚钱
06:44 - 06:50
EN: and therefore if the market falls below a prior low – here, here, or here
ZH: 所以每当市场跌破前期低点——这里、这里或这里
06:50 - 06:56
EN: - bulls will look to buy a reversal up, betting that the market will come back
ZH: 多头都会买入做多，押注市场反弹到突破点的上方， 让他们至少能赚一笔剥头皮交易
06:54 - 06:56
EN: above the breakout point and they’ll make at least a scalp.
ZH: 多头都会买入做多，押注市场反弹到突破点的上方， 让他们至少能赚一笔剥头皮交易
06:59 - 07:00
EN: Another new low.
ZH: 再次跌到新低
07:00 - 07:03
EN: Bulls will buy either with a limit order at the prior low
ZH: 多头要么在前期的低点挂限价单买入
07:03 - 07:07
EN: and scale in lower if need be, or they’ll buy on a reversal up,
ZH: 如果需要的话，在更低的价格加仓； 或者在反转上涨时买入
07:07 - 07:09
EN: especially a Micro Double Bottom.
ZH: 特别是有小双底的时候
07:09 - 07:13
EN: We went down and then a doji bar, down again, and trying to go up.
ZH: 下跌，十字星；再次下跌，反转上涨
07:13 - 07:14
EN: Micro Double Bottom here.
ZH: 这是一个小双底
07:17 - 07:18
EN: Market broke to a new low.
ZH: 市场跌到了新低
07:18 - 07:21
EN: Well, the bulls are making money buying new lows.
ZH: 之前，多头通过在新低买入赚到了钱
07:21 - 07:23
EN: They’re going to keep buying new lows.
ZH: 他们会继续这么做
07:23 - 07:26
EN: They’ll place a limit order to buy at this low or at that low,
ZH: 他们会在这个或那个低点挂限价买单
07:26 - 07:29
EN: and if necessary, they’ll buy more lower.
ZH: 有必要的话，在下方加仓
07:36 - 07:39
EN: Some prefer stop entries, and they’ll buy on a reversal up,
ZH: 有些人更喜欢用突破单入场，他们会在向上反转时买入
07:39 - 07:42
EN: especially if there’s a Micro Double Bottom and a second entry buy.
ZH: 特别是如果有小双底，或者第2做多入场点
07:48 - 07:52
EN: The scale-in bulls will take profits at their first entry price
ZH: 加仓的多头会在初始入场价格止盈
07:52 - 07:55
EN: - so let’s say they buy here and more 1 point lower,
ZH: ——假设他们在这里买入，然后在下方1个点的距离加仓
07:55 - 07:58
EN: and the market gets back to their first entry price.
ZH: 当市场回到他们的初始入场价格时
07:58 - 08:03
EN: They’ll exit at their first entry price, breakeven on their first buy
ZH: 他们的初始仓位打平，加仓的部分赚钱
08:02 - 08:03
EN: and with a profit on their second.
ZH: 他们的初始仓位打平，加仓的部分赚钱
08:03 - 08:07
EN: Or they may exit part of their trade there and then hold
ZH: 或者他们可以在这里平仓一部分，
08:07 - 08:12
EN: onto one of their positions, half their position, hoping for a swing up.
ZH: 继续持有剩余的头寸做波段交易
08:16 - 08:20
EN: An example of bulls holding for a swing up, and if they see a reversal,
ZH: 这是一个多头波段上涨的例子，如果看到反转下跌的信号
08:20 - 08:28
EN: a bear bar after a big breakout bar like that and they look to the left
ZH: 大阳线后出现了这样的阴线； 目前没有突破前期的重要高点
08:26 - 08:28
EN: and they see that this is not above everything
ZH: 大阳线后出现了这样的阴线； 目前没有突破前期的重要高点
08:28 - 08:32
EN: - it’s still either in a Broad Bear Channel or a Trading Range
ZH: 所以仍然处于宽下降通道或震荡区间
08:32 - 08:35
EN: - both cases, they want to exit on a reversal down.
ZH: 因此多头会在反转下跌时离场
Slide 005
Time: 08:40
Bilingual Transcript
08:43 - 08:46
EN: At every instant, traders are constantly trying to decide
ZH: 每时每刻，交易者都在判断
08:46 - 08:50
EN: if they can structure a trade where the probability is 60%
ZH: 他们是否能构建一笔胜率至少是60%的交易
08:50 - 08:52
EN: for the next few bars going up or down.
ZH: 判断接下来的几根K线是上涨还是下跌
08:57 - 08:58
EN: We have a reversal.
ZH: 反转下跌
08:58 - 09:02
EN: We went up, we went down, and this is probably a bear flag.
ZH: 上涨，下跌，这大概率是一个熊旗
09:02 - 09:06
EN: Chances are we’ll go sideways to down at least a little bit.
ZH: 至少会再下跌一点
09:11 - 09:18
EN: Chances are 60% or so that we’ll get at least a small second leg down
ZH: 有60%的概率，在抛物线楔形顶反转之后 至少会有小的第2段下跌
09:15 - 09:18
EN: after a Parabolic Wedge Top,
ZH: 有60%的概率，在抛物线楔形顶反转之后 至少会有小的第2段下跌
09:21 - 09:25
EN: and therefore bears will sell a reversal down, especially below a bear bar.
ZH: 因此空头会在下跌时做空，尤其是在阴线下方
09:25 - 09:28
EN: We went up on this bull bar and then we paused.
ZH: 这根阳线上涨，然后暂停
09:28 - 09:30
EN: We went up again on this bull bar, and now we have a bear bar.
ZH: 再次上涨，现在出现了一根阴线
09:30 - 09:33
EN: About a 50% pullback, two small legs up.
ZH: 大约是50%反弹，两段小的回调
09:33 - 09:37
EN: This is probably the first of two legs down because the channel is very tight,
ZH: 这大概率是两段下跌中的第1段， 因为它是很窄的下降通道
09:37 - 09:40
EN: and bears sell looking for one more leg down.
ZH: 所以空头会做空，押注有第2段下跌
09:46 - 09:50
EN: At this point we have 3 consecutive bear bars closing on or near their lows.
ZH: 此时有连续3根阴线收在最低点附近
09:51 - 09:54
EN: Strong enough selloff through here so that if we reverse up,
ZH: 这里的下跌足够强势，所以即使有反弹
09:55 - 09:58
EN: we’ll probably get at least one more leg down.
ZH: 大概率还是会再有一段下跌
09:58 - 10:00
EN: The market now is Sell The Close.
ZH: 现在是卖收盘的下降趋势
10:00 - 10:07
EN: They either sell this close or that close, betting that the next reversal up
ZH: 空头会在它或者它的收盘卖出做空， 押注反转上涨的尝试会失败、变成熊旗
10:04 - 10:07
EN: will fail and probably become a bear flag.
ZH: 押注反转上涨的尝试会失败、变成熊旗
10:14 - 10:19
EN: It’s always higher probability to sell the closes
ZH: 看到强势突破后，在阴线收盘卖出做空， 这样做的胜率总是更高一些
10:17 - 10:19
EN: after you see a strong breakout.
ZH: 看到强势突破后，在阴线收盘卖出做空， 这样做的胜率总是更高一些
10:19 - 10:23
EN: Whenever you take a higher probability trade, your risk/reward is always worse.
ZH: 如果一个机会的胜率比较高，那么盈亏比往往就不太好
10:23 - 10:28
EN: Usually what it means is the stop is further away,
ZH: 通常止损更远，你被迫承担更多的风险
10:26 - 10:28
EN: so you’re forced to risk more.
ZH: 通常止损更远，你被迫承担更多的风险
10:32 - 10:35
EN: If you sold here, this is what you got afterwards.
ZH: 如果在这里做空，可能很快会遇到反弹
Slide 006
Time: 10:35
Bilingual Transcript
10:40 - 10:41
EN: But very Tight Channel.
ZH: 但下降通道很窄
10:41 - 10:46
EN: Even though it’s two legs down, it’s still a very Tight Channel,
ZH: 尽管已经是两段下跌了，但通道这么窄， 所以大概率仍然只是小反弹
10:44 - 10:46
EN: so this reversal is probably minor.
ZH: 尽管已经是两段下跌了，但通道这么窄， 所以大概率仍然只是小反弹
10:54 - 10:59
EN: The bulls are hoping it’s two legs down in what
ZH: 多头希望这是两段下跌，变成震荡区间， 或反转成为上涨趋势
10:56 - 10:59
EN: will become a Trading Range or a bull trend.
ZH: 多头希望这是两段下跌，变成震荡区间， 或反转成为上涨趋势
10:59 - 11:03
EN: Leg 1, pullback, Leg 2, so a High 1 and then a High 2 here.
ZH: 1，反弹，2；这里是高1，然后这里是高2
11:03 - 11:05
EN: Second entry over here.
ZH: 第2入场点在这里
11:05 - 11:06
EN: But very Tight Channel.
ZH: 但下降通道很窄
11:06 - 11:13
EN: More likely this is a minor reversal leading to either a Trading Range
ZH: 更有可能只是小反转，变成震荡区间或熊旗， 然后下降趋势恢复
11:10 - 11:13
EN: or a bear flag and a resumption of the bear trend.
ZH: 更有可能只是小反转，变成震荡区间或熊旗， 然后下降趋势恢复
11:19 - 11:28
EN: In any case, the bears are disappointed by the selloff,
ZH: 空头如果想要止盈，他们可以在第2次反转上涨时离场
11:24 - 11:28
EN: and they’ll look to take profits or to exit on a second reversal up.
ZH: 空头如果想要止盈，他们可以在第2次反转上涨时离场
11:28 - 11:29
EN: Here it would be a third.
ZH: 这里是第3做多入场点
11:29 - 11:33
EN: It went above this bar and then it went above this bear doji bar.
ZH: 突破这根K线的时候是1， 突破这个空头十字星的时候是2
11:33 - 11:34
EN: Not a good enough reason to exit.
ZH: 但此时空头还没有必要离场
11:34 - 11:37
EN: But now we have another bull bar, so they’ll exit here
ZH: 但现在又出现了一根阳线，所以空头会在它的上方离场
11:37 - 11:40
EN: or they’ll wait until they see 2 or 3 pretty good bull bars,
ZH: 或者等看到有连续两三根强势的阳线
11:40 - 11:42
EN: and then they’ll exit at the market.
ZH: 然后空头会市价离场
11:45 - 11:46
EN: The bulls will buy.
ZH: 多头买入做多
11:46 - 11:50
EN: They know it’s a Tight Bear Channel and the bears are disappointed
ZH: 他们知道这是一个窄下降通道
11:50 - 11:54
EN: by this bull bar and the buy signal triggering and then a big tail here
ZH: 但这根阳线很不错，做多信号K线被触发， 这里有长下影线
11:54 - 11:57
EN: and then another big bull bar here and now another buy signal bar here,
ZH: 这里又有一根大阳线，然后又出现了做多信号K
11:58 - 12:00
EN: and therefore the bears are going to be buying.
ZH: 因此空头感到失望，会买入回补
12:00 - 12:03
EN: Even though it’s a bear trend, it’s low in a bear trend
ZH: 尽管仍然是下降趋势，但价格已经在低位了
12:03 - 12:07
EN: and the selling is starting to become disappointing, the follow-through.
ZH: 下跌和跟随的强度开始让空头感到失望
12:13 - 12:18
EN: That increases the chances that the bear trend is not a strong bear trend
ZH: 这增加了它不是一个强下降趋势的可能性
12:18 - 12:21
EN: - instead, that it is a Broad Bear Channel.
ZH: ——更有可能是宽下降通道
12:23 - 12:26
EN: We have a 9 bar bull Micro Channel at this point,
ZH: 到这里，上涨微通道已经持续了9根K线
12:26 - 12:29
EN: and therefore the odds are we’re going up at least a little bit more,
ZH: 大概率还会再上涨一些
12:29 - 12:32
EN: and a lot of traders will look at that and say it’s Always In Long.
ZH: 很多交易者会认为市场目前处于单边上涨
12:32 - 12:34
EN: A lot of overlap among the bars.
ZH: 但是，K线之间有很多重叠
12:34 - 12:39
EN: We’re still only at the breakout point and not above any major Lower High,
ZH: 只是回测了突破点，并没有超过任何重要的高点
12:39 - 12:42
EN: so it still might be a bull leg in a Trading Range.
ZH: 所以它仍然只是震荡区间中的上涨波段
12:42 - 12:45
EN: However, the odds are we’re going up at least a little bit more,
ZH: 然而，大概率至少会再上涨一点
12:45 - 12:50
EN: so a lot of the computers will see the market as Always In Long
ZH: 所以在这根阳线收盘的时候， 很多电脑程序会按照单边上涨来交易
12:48 - 12:50
EN: at this point right here, that bull bar.
ZH: 所以在这根阳线收盘的时候， 很多电脑程序会按照单边上涨来交易
13:00 - 13:05
EN: You could either put your stop above this high, thinking that it’s fairly major,
ZH: 空头可以把止损放在这个高点上方， 因为它是很重要的高点
13:05 - 13:08
EN: or certainly above this high, the top of the entire bear leg.
ZH: 当然也可以放在这里——整个下降趋势的起跌点
13:13 - 13:17
EN: Broad Bear Channels often have legs that are strong enough
ZH: 宽下降通道中经常会有很强势的上涨波段
Slide 007
Time: 13:15
Bilingual Transcript
13:17 - 13:22
EN: to make the market Always In Long, but those are bull legs in a bear trend.
ZH: 让市场暂时处于单边上涨，但那些只是下降趋势中的反弹而已
Slide 008
Time: 13:24
Bilingual Transcript
13:29 - 13:31
EN: Fairly Tight Channel.
ZH: 窄上涨通道
13:31 - 13:33
EN: Pretty good rally here, 9 bar bull Micro Channel,
ZH: 非常不错的反弹，连续9根K线的上涨微通道
13:33 - 13:36
EN: and now a Higher Low Major Trend Reversal.
ZH: 现在有低点抬高的大反转结构
13:36 - 13:39
EN: 40% chance if you buy here, we’re going to get a swing up.
ZH: 如果你在这里买入，有40%的概率会有波段上涨
13:39 - 13:41
EN: It’s a reasonable buy.
ZH: 这是一个合理的买点
13:43 - 13:45
EN: At some point the bulls give up.
ZH: 在某个时刻多头会放弃
13:46 - 13:51
EN: Very strong breakout here, probably at least
ZH: 这两根阳线很强势， 所以大概率至少会有小的第2段上涨，也就是这里
13:48 - 13:51
EN: a small second leg sideways to up, and they have it.
ZH: 这两根阳线很强势， 所以大概率至少会有小的第2段上涨，也就是这里
13:51 - 13:54
EN: Then we’re starting to reverse down from a Double Top.
ZH: 然后开始从双顶反转下跌
13:54 - 14:02
EN: If you want you can call it three pushes up – one, pullback, two,
ZH: 也可以把它看作3推——1，回调；2，回调；3， 所以是楔形熊旗，而且低于前期高点
13:57 - 14:02
EN: pullback, three – and therefore it’s basically a Wedge Top and a Lower High.
ZH: 也可以把它看作3推——1，回调；2，回调；3， 所以是楔形熊旗，而且低于前期高点
14:02 - 14:07
EN: Bulls should take profits, concluding that instead
ZH: 多头应该止盈，因为此时还不是上涨趋势
14:06 - 14:07
EN: of the market entering a bull trend,
ZH: 多头应该止盈，因为此时还不是上涨趋势
14:07 - 14:10
EN: it’s probably a bull leg in a big Trading Range.
ZH: 更像是一个大震荡区间中的上涨波段
14:15 - 14:19
EN: The bears see a Wedge Lower High in a possible bear trend,
ZH: 空头看到下降趋势中出现潜在的3推楔形熊旗
14:19 - 14:23
EN: and they know a lot of the bulls will give up
ZH: 他们知道，在两段上涨之后如果价格滞涨，很多多头会放弃
14:21 - 14:23
EN: after two pushes up and not much progress.
ZH: 他们知道，在两段上涨之后如果价格滞涨，很多多头会放弃
14:23 - 14:32
EN: The bears will sell either for a scalp, taking a chance
ZH: 空头卖出做空，要么剥头皮，押注变成震荡区间； 要么做波段交易，押注会有大的第2段下跌
14:27 - 14:32
EN: that it’s going to be a Trading Range, or for a swing,
ZH: 空头卖出做空，要么剥头皮，押注变成震荡区间； 要么做波段交易，押注会有大的第2段下跌
14:29 - 14:32
EN: hoping that we get a big second leg down.
ZH: 空头卖出做空，要么剥头皮，押注变成震荡区间； 要么做波段交易，押注会有大的第2段下跌
14:32 - 14:34
EN: Leg 1, pullback, Leg 2.
ZH: 1，反弹，2
14:37 - 14:38
EN: A Wedge Higher Low.
ZH: 3推下跌，没有跌破前期低点
14:39 - 14:43
EN: Three reversals up – one, two, three – testing the bottom
ZH: 3次反转上涨的尝试——1，2，3；
Slide 009
Time: 14:40
Bilingual Transcript
14:43 - 14:47
EN: of the bull breakout here, the Double Bottom bull flag, Higher Low.
ZH: 测试了这根大阳线的起涨点， 双底牛旗，低点抬高
14:47 - 14:48
EN: Reasonable buy.
ZH: 买入是合理的
14:48 - 14:50
EN: The bulls might get a swing up.
ZH: 可能会有波段上涨
15:02 - 15:04
EN: Wedge bull flag.
ZH: 楔形牛旗
15:04 - 15:07
EN: You can also call it a High 1, High 2.
ZH: 也可以看作是高1，高2
15:07 - 15:11
EN: High 1 and then second leg down subdivides into two smaller legs.
ZH: 高1，然后第2段下跌可以细分成两段更小的下跌
15:11 - 15:15
EN: Doesn’t matter, but it looks like a pullback from this breakout.
ZH: 总之，看起来强势这段突破之后的回调
15:17 - 15:18
EN: What took place right here?
ZH: 这里发生了什么？
15:19 - 15:20
EN: We have 5 bear bars,
ZH: 连续5根阴线
15:20 - 15:23
EN: 3 of them decent size bear bodies closing on their lows.
ZH: 后面3根体积很大，而且收在最低
15:23 - 15:28
EN: A lot of traders see this as back to Always In Short, but it’s confusing.
ZH: 很多交易者认为市场恢复到单边下跌了， 但行情令人感到困惑
15:28 - 15:30
EN: The bulls have a Wedge bull flag.
ZH: 多头认为这是楔形牛旗
15:31 - 15:36
EN: They have an ii buy; a second entry buy – one and then two.
ZH: 有ii做多机会；有第2做多入场点——1，然后2
15:44 - 15:50
EN: A lot of the bears who sold here are not going to like two legs down
ZH: 很多在这里卖出的空头看到这像是震荡区间中的两段下跌， 会失望离场
15:47 - 15:50
EN: in a Trading Range, and they will get out,
ZH: 很多在这里卖出的空头看到这像是震荡区间中的两段下跌， 会失望离场
15:50 - 15:53
EN: and the bulls will buy for a scalp or a swing.
ZH: 多头会买入做波段或剥头皮
15:53 - 15:57
EN: The bulls are hoping we’re getting a series of Higher Lows and a bull trend.
ZH: 多头希望接下来低点不断抬高，进入上涨趋势
Slide 010
Time: 16:00
Bilingual Transcript
16:01 - 16:03
EN: Disappointing reversal for the bulls.
ZH: 但反转让他们感到失望
16:03 - 16:05
EN: Now the market is confusing.
ZH: 所以现在的市场令人困惑
16:05 - 16:11
EN: A Tight Trading Range inside of a Trading Range to here inside
ZH: 现在是窄震荡区间，外面是更大的震荡区间
16:09 - 16:11
EN: of a bigger Trading Range to here.
ZH: 现在是窄震荡区间，外面是更大的震荡区间
16:12 - 16:15
EN: The bears have a reason to sell, the bulls have a reason to buy,
ZH: 空头有理由做空，多头有理由做多
16:15 - 16:19
EN: but this is disappointing and a lot of the traders will simply exit and wait.
ZH: 但双方都感到失望，所以很多交易者会直接离场， 等待更明确的行情
16:21 - 16:26
EN: Whenever the market is in a fairly tight range like that and you’re not sure
ZH: 每当市场处于窄震荡区间，让你不确定现在是否存在趋势
16:25 - 16:31
EN: if it’s Always In Long or short, I keep looking to the left
ZH: 每当市场处于窄震荡区间，让你不确定现在是否存在趋势 我通常会往左看，寻找上一次趋势明确的时候
16:28 - 16:31
EN: to find the last time things were clear.
ZH: 我通常会往左看，寻找上一次趋势明确的时候
16:31 - 16:34
EN: Here we have 5 bear bars, 3 of them pretty good bear bars.
ZH: 这里有5根阴线，其中3根相当不错
16:34 - 16:37
EN: Also, it might be still in a Broad Bear Channel,
ZH: 此外，这可能是一个宽下降通道
16:38 - 16:45
EN: and therefore even though it’s in a tight range, it’s probably slightly more
ZH: 因此，尽管现在是窄震荡区间， 但向下跌破的概率略微高于反转上涨的概率
16:42 - 16:45
EN: likely to get a bear breakout than a bull reversal up.
ZH: 因此，尽管现在是窄震荡区间， 但向下跌破的概率略微高于反转上涨的概率
16:48 - 16:52
EN: The bears are hoping for Head and Shoulders Top, bear flag.
ZH: 空头希望出现头肩顶，熊旗
16:56 - 16:58
EN: A lot of the bulls will take profits below these bear bars.
ZH: 很多多头会在这些阴线下方离场
16:59 - 17:03
EN: Bears might sell more for a swing than for a scalp.
ZH: 空头做空，更倾向于波段交易，而不是剥头皮
17:03 - 17:07
EN: The reason why I say that is if they’re selling below a bear bar here
ZH: 之所以这么说，是因为如果他们在这里的某根阴线下方卖出，
17:07 - 17:13
EN: or a bear bar here, they’re right at a prior low at the bottom of a tight range.
ZH: 或者在这里卖出，已经在震荡区间的底部了
17:13 - 17:16
EN: Probably not enough reward for a scalp.
ZH: 剥头皮的话，不会在区间底部做空
17:16 - 17:22
EN: So, if you’re taking a short this low down in a range,
ZH: 如果在区间底部做空， 说明是在押注向下跌破、有大的波段
17:20 - 17:22
EN: you probably have to be taking it for a swing.
ZH: 如果在区间底部做空， 说明是在押注向下跌破、有大的波段
Slide 011
Time: 17:25
Bilingual Transcript
17:25 - 17:27
EN: Next day, big gap down.
ZH: 第2天，大幅低开
17:31 - 17:36
EN: We have a Wedge Bottom here – one, two, three – inside of a bigger Wedge Bottom
ZH: 这里有一个楔形底——1，2，3； 外面有一个更大的楔形底——1，2，3
17:35 - 17:38
EN: – one, two, three – and therefore it’s a nested Wedge.
ZH: 这里有一个楔形底——1，2，3； 外面有一个更大的楔形底——1，2，3 所以是嵌套式楔形底
17:38 - 17:40
EN: That has a higher probability of a swing up.
ZH: 有更高的概率会形成上涨波段
17:43 - 17:45
EN: This is what I mean by the nested Wedge.
ZH: 就是我所说的嵌套式楔形
17:45 - 17:49
EN: The third leg of the Wedge is itself a smaller Wedge,
ZH: 大楔形的第3段下跌可以细分成更小的楔形
17:49 - 17:52
EN: so there’s a smaller Wedge inside of a bigger Wedge.
ZH: 所以是小楔形嵌套在大楔形内部
17:52 - 17:57
EN: That increases the chances of a reversal, at least a couple legs sideways to up.
ZH: 这增加了反转上涨的概率，至少有两段反弹
18:02 - 18:03
EN: We also have an Expanding Triangle.
ZH: 这里还有一个扩张三角形
18:04 - 18:08
EN: We have a low that reversed up, a new low that reversed up even further,
ZH: 从这个低点反转上涨，从新的低点反转上涨更多
18:08 - 18:10
EN: and now we have a third low that’s trying to reverse up
ZH: 现在是第3个低点，再次尝试反转上涨
18:10 - 18:13
EN: and a second entry buy above that bar.
ZH: 那根K线的上方是第2做多入场点
18:13 - 18:16
EN: This is a good reason for bears to get out of shorts,
ZH: 空头在这里离场是合理的
18:16 - 18:18
EN: and bulls will take a chance and buy.
ZH: 多头会买入做多
Slide 012
Time: 18:25
Bilingual Transcript
18:25 - 18:33
EN: If the bulls swung part of their position, they ended up with a good profit
ZH: 如果多头持有部分头寸做波段交易， 在接下来的两天他们能够赚到不错的波段利润
18:30 - 18:33
EN: over the next couple days – today and then the next day.
ZH: 在接下来的两天他们能够赚到不错的波段利润
18:37 - 18:41
EN: The market’s beginning to channel up, forming Higher Lows and Higher Highs
ZH: 市场开始上涨，低点和高点不断抬高
18:41 - 18:46
EN: in a pretty Tight Channel, and then at the end
ZH: 变成了窄上涨通道，强势地上涨到收盘
18:44 - 18:46
EN: of the day we got a pretty strong rally.
ZH: 变成了窄上涨通道，强势地上涨到收盘
18:46 - 18:48
EN: The next day we gapped up.
ZH: 第2天跳空高开
18:48 - 18:51
EN: We had a pair of bear bars, but we have a small High 2 bull flag.
ZH: 有两根阴线，但它是一个小的高2牛旗
18:51 - 18:55
EN: High 1 above this bear bar and then a High 2 above that doji.
ZH: 这根阴线上方是高1，十字星上方是高2
18:55 - 19:00
EN: Bulls will buy, hoping for a resumption of the bull trend.
ZH: 多头会买入，希望上涨趋势恢复
19:03 - 19:04
EN: Can you buy this close?
ZH: 可以在它的收盘买入吗？
19:04 - 19:07
EN: Well, if you’re willing to hold overnight, you certainly can.
ZH: 如果你愿意持仓过夜的话，当然可以
19:07 - 19:11
EN: Most day traders are not going to buy the close at the end of the day.
ZH: 大部分日内交易者不会在收盘前买入
19:11 - 19:13
EN: They’ll wait to see what happens on the next day.
ZH: 他们会等第2天开盘
19:14 - 19:18
EN: But if you’re willing to hold for a few days, then yes, it’s Buy The Close.
ZH: 不过，如果你愿意持有几天，那么可以在这一天的收盘买入
19:22 - 19:23
EN: Where do you take profits?
ZH: 在哪里止盈？
19:23 - 19:27
EN: Well, one way to do it is look for resistance,
ZH: 一种方法是寻找阻力位
19:27 - 19:31
EN: and a common resistance is a Measured Move target.
ZH: MM目标位就是常见的阻力
19:32 - 19:35
EN: We have a gap below this low and above that high,
ZH: 这个低点和那个高点之间有一个缺口
19:35 - 19:39
EN: and therefore we might get a Measured Move up from this low to that low,
ZH: 所以可以把这个低点到缺口之间的距离，往上翻一倍
19:39 - 19:44
EN: which is right here – and you can see some bulls did take profits there.
ZH: MM目标位就在这里——可以看到有多头卖出止盈
19:46 - 19:47
EN: We have another gap.
ZH: 又有一个缺口
19:47 - 19:50
EN: This pullback did not fall below that breakout point,
ZH: 这个回调没有跌破那个突破点
19:50 - 19:52
EN: and therefore this is a strong rally,
ZH: 所以是非常强势的上涨
19:52 - 19:56
EN: and this gap might be a Measuring Gap leading to a Measured Move up.
ZH: 这个缺口很可能是测量型缺口，会继续涨到MM目标位
19:59 - 20:03
EN: Maybe from the height of this bear leg we’ll get a Measured Move up.
ZH: 比如把这段回调的高度往上翻一倍，确实涨到了这里
20:02 - 20:03
EN: We did.
ZH: 比如把这段回调的高度往上翻一倍，确实涨到了这里
Slide 013
Time: 20:05
Bilingual Transcript
20:11 - 20:15
EN: A lot of traders do not like to take trades in and out, in and out, in and out.
ZH: 很多交易者不喜欢反复入场、离场
20:16 - 20:19
EN: The reason why is a lot of times it’s hard to get back in.
ZH: 因为很多时候离场了，就很难再次入场
20:19 - 20:22
EN: You get out, you get in, you get out, you get in.
ZH: 离场，入场，离场，入场
20:22 - 20:26
EN: After two or three times, you’ve been scalping, you just run out of energy
ZH: 几次之后，你一直在剥头皮，会感觉很累
20:26 - 20:29
EN: - plus you become satisfied with the profit that you have
ZH: 再加上你已经对赚到的利润感到满足了
20:29 - 20:32
EN: - and the result is you end up missing a huge move.
ZH: 所以没有再次入场，导致错过了巨大的趋势
20:32 - 20:36
EN: That’s one of the reasons why traders should focus on swing trading.
ZH: 这就是交易者应该专注于波段交易的原因之一
20:38 - 20:41
EN: Higher Low Major Trend Reversal.
ZH: 低点抬高的大反转
20:45 - 20:47
EN: The market went Always In Long.
ZH: 市场进入了单边上涨
20:47 - 20:48
EN: We broke above a high here,
ZH: 突破了这个高点
20:54 - 20:56
EN: but then we started to reverse down,
ZH: 但很快开始反转下跌
20:56 - 21:00
EN: and it’s still below this high and certainly still below that high.
ZH: 仍然低于这个高点，当然也低于这个高点
21:00 - 21:03
EN: So, some traders who sell here would just not get out.
ZH: 一些在这里做空的空头不会离场
21:03 - 21:06
EN: They’d keep their stop either above this bar or above here,
ZH: 他们会把止损留在它或者它的上方
21:06 - 21:10
EN: taking a chance that any reversal is minor and that we’ll keep getting new lows.
ZH: 押注这只是小反转，会继续创新低
21:12 - 21:15
EN: Possible 2nd Leg Trap in a bear trend – one, pullback, two.
ZH: 可能是下降趋势中的第2段陷阱——1，回调，2
21:15 - 21:17
EN: Nested – one, pullback, two.
ZH: 其中有小的1，回调，2
21:22 - 21:23
EN: Is it still Always In Short?
ZH: 在这里做空会更好吗？
21:23 - 21:25
EN: Well, if you’re just looking at this chart,
ZH: 如果只看这一段，
21:25 - 21:27
EN: at the close of this bar it’s Always In Long.
ZH: 在它收盘的时候，是单边上涨
21:27 - 21:31
EN: But if you’re looking back over the past 100 bars, you can say,
ZH: 但如果你回顾过去的100根K线
21:31 - 21:34
EN: oh, maybe on a higher timeframe chart it’s still short,
ZH: 你可能认为：也许在更大的时间周期上仍然是下降趋势，
21:34 - 21:36
EN: and therefore maybe we’ll get another leg down.
ZH: 也许还会有一段下跌
21:37 - 21:43
EN: So, a lot of these bears will not get out,
ZH: 所以，尽管有低点抬高的大反转结构， 以及强势的阳线突破，但很多空头仍然不会离场
21:39 - 21:43
EN: even with this Higher Low Major Trend Reversal and this strong bull breakout.
ZH: 所以，尽管有低点抬高的大反转结构， 以及强势的阳线突破，但很多空头仍然不会离场
21:43 - 21:48
EN: Typically, if I’m trading and I’m short for any reason, I will get out.
ZH: 如果我在某个地方做空了，我会在这里离场
21:48 - 21:49
EN: But I’m a day trader.
ZH: 我是日内交易员
21:49 - 21:53
EN: I know that when I see this, the odds are we’re going up higher,
ZH: 看到这样的行情，我知道大概率会有反弹
21:53 - 21:59
EN: and when I see this breakout, the odds are the first reversal down
ZH: 看到这样的多头突破，大概率第1次下跌只是小回调， 市场会涨回来，测试那个最高的收盘价
21:56 - 21:59
EN: will be minor and that we’ll come back up and test that close.
ZH: 看到这样的多头突破，大概率第1次下跌只是小回调， 市场会涨回来，测试那个最高的收盘价
22:04 - 22:05
EN: Expanding Triangle.
ZH: 扩张三角形
22:05 - 22:09
EN: Trader might get out of his short down here, especially a Micro Double Bottom.
ZH: 空头会在这里止盈离场，特别是有一个小双底
22:14 - 22:18
EN: If he did not get out here, he would wait for a strong breakout
ZH: 如果没有在这里离场，他也会在看到强势突破的时候离场
22:18 - 22:21
EN: and then conclude that the bulls have taken control.
ZH: 因为此时多头已经掌控了局面
22:22 - 22:24
EN: Here we have a couple pretty good bull bars.
ZH: 这里有两根非常不错的阳线
22:24 - 22:31
EN: It’s also the end of the day, but a lot of the traders
ZH: 尽管马上就收盘了， 但很多多头认为现在是扩张三角形
22:28 - 22:31
EN: who bought up here are concluding now that we have an Expanding Triangle.
ZH: 尽管马上就收盘了， 但很多多头认为现在是扩张三角形
22:31 - 22:35
EN: We have a nested Wedge and it’s a Broad Bear Channel,
ZH: 有嵌套式的楔形底，市场处于宽下降通道
22:35 - 22:38
EN: probably soon evolving into a Trading Range or a bull trend.
ZH: 大概率很快就会变成震荡区间或上涨趋势
22:38 - 22:42
EN: They’re looking for reasons to get out, especially by the end of the day.
ZH: 他们在等待止盈的机会，尤其是临近收盘的时候
22:42 - 22:49
EN: Consecutive or nearly consecutive bull bars with decent bodies and closing
ZH: 连续的阳线收在最高，是止盈的好机会
22:46 - 22:49
EN: on their highs, that’s a good reason to get out.
ZH: 连续的阳线收在最高，是止盈的好机会
22:54 - 22:55
EN: It’s a bear trend.
ZH: 下降趋势
22:55 - 22:59
EN: It’s a broad bear trend, and therefore not particularly strong,
ZH: 虽然比较宽，没有那么强势
Slide 014
Time: 22:55
Bilingual Transcript
22:59 - 23:01
EN: but bears should be looking to sell.
ZH: 但逢高做空仍然是好的选择
23:02 - 23:06
EN: If the rallies up are strong enough, bulls will look to buy as well,
ZH: 如果反弹足够大，多头也可以买入做多
23:07 - 23:12
EN: and sometimes the rallies are strong enough
ZH: 有些反弹非常强势，甚至让市场短暂地处于单边上涨
23:09 - 23:12
EN: to make the market Always In Long, at least briefly.
ZH: 有些反弹非常强势，甚至让市场短暂地处于单边上涨
23:17 - 23:17
EN: I’m Al Brooks.
ZH: 我是阿尔·布鲁克斯
23:17 - 23:19
EN: Thank you for watching the Brooks Trading Course.
ZH: 感谢观看布鲁克斯交易课程
23:19 - 23:24
EN: This is the third of five videos on trading Broad Bear Channels.
ZH: 如何交易宽下降通道的第3节课，就先讲到这里