本文为 MEPA 导入的中英对照学习资料，原文归原作者及原站所有；中文译文尚未逐篇校对。页面日期为本站收录日期，原资料生成时间不代表原文发布日期。
原文链接: https://www.brookstradingcourse.com/ask-al/breakouts/ 生成时间: 2026-08-31 15:32
Breakout pullbacks — Exit or hold BPA trading room Q&A: October 2, 2015; June 28, 2016; July 6, 2016
突破回撤——退出还是持有？BPA交易室问答：2015年10月2日；2016年6月28日；2016年7月6日
Question 1: Al, if you buy a breakout, how do you determine when to get out breakeven and when to hold through the pullback? Video duration: 6min 02sec
问题1：Al，如果你买入突破，如何判断何时平仓离场保本，何时在回撤中继续持有？视频时长：6分02秒
You can also view this video on Al’s YouTube Channel if needed.
如有需要，你也可以在Al的YouTube频道上观看这段视频。
Scalp or swing?
是剥头皮还是波段？
For me, it depends on what your goal is. This comes down to scalp versus swing. If I’m buying a breakout and I’m doing it for a scalp, I don’t want the market to come back. I’m pretty quick to get out. If I think that a pullback is acceptable, a lot of times I’ll scale in during a pullback. But if I’m looking at a pullback and I’m saying, “Wait a minute, it should not be doing that,” then I get out.
对我来说，这取决于你的目标是什么。这归结为剥头皮与波段的选择。如果我买入突破是为了剥头皮，我不希望市场回撤。我会很快离场。如果我认为回撤是可以接受的，很多时候我会在回撤中分批加仓。但如果我看着回撤，心想“等等，它不应该这样做”，那我就会离场。
For a swing trade, depending on how big of a swing, and how far the target is, you have to allow pullbacks. You have to assume that there’ll be pullbacks. As long as your premise is valid and as long as the market — in this case, a bull trend — as long as every pullback stays above the most recent breakout low. So breakout low — if it stays above that, it’s still long. Breakout low, stays above that. Breakout low, stays above that. Breakout low, stays above it. Breakout, stays above it, right? As long as every pullback stays above the prior strong leg up, the premise is still valid.
对于波段交易，取决于波段的幅度有多大，目标位有多远，你必须允许回撤。你必须假设会出现回撤。只要你的假设成立，只要市场——在这个例子中是多头趋势——只要每次回撤都保持在最近的突破低点之上。所以突破低点——如果它保持在之上，那就继续持多。突破低点，保持在之上。突破低点，保持在之上。突破低点，保持在之上。突破，保持在之上，对吧？只要每次回撤都保持在之前强劲上涨腿之上，假设就仍然成立。
Reversal signal
反转信号
Sometimes you’ll get a reversal signal before the market falls below a low. So let’s say you’re long up here [B44/45], your stop is down here [below B38]. But let’s say you decided to short below 57 or below 64, taking a chance for a Major Trend Reversal, that’s okay. So, you can get out even though it’s still Always In Long. But the Always In Long bulls strictly speaking, until they see a strong reversal down, they stay long as long as it’s staying above the bottom of their last leg up.
有时你会在市场跌破低点之前得到反转信号。假设你在这里做多[B44/45]，止损在这里[B38下方]。但假设你决定在57下方或64下方做空，尝试捕捉主要趋势反转的机会，那也没问题。所以，即使你仍然处于“始终持多”状态，你也可以离场。但严格来说，“始终持多”的多头，在他们看到强劲的下跌反转之前，只要价格保持在他们上涨腿的底部之上，就会继续持多。
Question 2: When there’s a breakout like 61. While it is happening, how do differentiate from 28 or 38, to enter with market orders? How do you know how large the bar will be?
问题2：当出现类似61号K线的突破时，在突破发生的过程中，如何将其与28号或38号K线区分开来，以便用市价单入场？你如何知道K线的长度会有多大？
Always review context
始终要回顾上下文
Okay, so he’s saying when you get a breakout like 61 right here and he’s comparing it to 28 or 38, 38 or 28. Now first of all, context is a little bit different. Here we get a wedge bull flag, we’re getting late in the day, 11:30. For trend resumption or trend reversal. And then also as 61 was forming, I tried, it was going up very quickly—I placed a limit order to buy a two tick pull back. And instead of pulling back, I went up like three or four ticks and I was thinking to myself, “Oh, that’s bad. That’s bad. I’m going to get trapped out.” So I just hit ‘Buy the Market’ and I keep my fingers crossed.
好的，他指的是当你遇到类似61号K线的突破时，他将其与28号或38号K线进行比较。首先，上下文稍有不同。这里我们看到一个楔形多头旗形，时间已接近尾声，11:30。可能是趋势恢复或趋势反转。此外，当61号K线形成时，我尝试了，价格上涨得非常快——我下了一个限价单，买入两跳的回撤。但价格没有回撤，反而上涨了三四跳，我心想：“哦，这不好。这不好。我会被套住。”于是我直接点击了“买入市价”按钮，并祈祷一切顺利。
Decide quickly
快速做出决定
It’s like when you are a kid, you’re jumping off a high board for the first time. You stand up there and you hesitate and then you say, “I’m just going to do it.” So you bring your arms in tight and your knees up to your chest. Your cheeks are puffed up, you pinched your nose, your eyes are squeezed really hard, and you just jump and hope for the best. So when things are doing that, when they’re going up really quickly, you just don’t know. You have to decide quickly.
这就像你小时候第一次从高跳板上跳下来时一样。你站在那里犹豫不决，然后你说：“我就这样做了。”于是你把手臂紧紧地抱在胸前，膝盖也抬起来。你的脸颊鼓起来，你捏住鼻子，眼睛紧紧地闭着，然后你就跳下去，希望一切顺利。所以当事情发生得很快时，当价格上涨得非常快时，你不知道会发生什么。你必须快速做出决定。
I knew that I wanted to buy and I usually try to buy with a limit order. And I probably did buy on a limit order on 28 or 27 or 37. Because that’s what I typically do. But here [36/49/57], I thought that we had a wedge and a micro double bottom like we’d go to the bottom and that we had the potential to get up to the 60-minute moving average for the high of the day so I thought there was a potential for a breakout.
我知道我想买入，我通常尝试用限价单买入。我可能在28号、27号或37号K线时用限价单买入，因为这就是我通常的做法。但这里[36/49/57]，我认为我们有一个楔形和一个微型双底，就像我们会回到底部一样，我们有潜力上涨到60分钟均线，达到当日的高点，所以我认为有突破的潜力。
Look for trend resumption or reversal
寻找趋势恢复或反转
And it’s really easy to get lulled into indifference when you’re in a sideways market for 2 hours like that. But around 11, 11:30, 12, I always start to pay a lot more attention. And I look for trend resumption or trend reversal. So, for me, you’re saying how do I know 28 and 38 are not going to be strongly bullish. Well, first of all, 28 — tight bear channel – it’s probably a minor reversal. And 38, right now, it’s a second leg up in a trading range day, and it’s just not all that big so I’m not too certain about that.
当你在横盘市场中待了2个小时时，很容易被麻痹成漠不关心。但在11点、11点30分、12点左右，我总是开始更加关注。我寻找趋势恢复或趋势反转。所以，你问我如何知道28号和38号K线不会强势看涨。首先，28号——窄幅空头通道——这可能是一个小幅反转。而38号，现在是交易区间日内第二波上涨，幅度并不大，所以我对此并不太确定。
Here, we’ve got a wedge higher low and a very big bull-bar, the biggest bull-bar of the day, and we’re breaking out of what I think is a wedge bull flag or a triangle. And I tried to buy and could not buy the way I typically buy. So it’s probably something atypical about what’s going on. The character of the market might change.
这里有一个呈楔形的更高的低点，还有一根非常大的阳线，是当日最大的阳线，我们正在突破我认为是楔形多头旗形或三角形的形态。我试图买入，但没能按我通常的方式买入。所以这可能意味着当前走势有些不寻常。市场特征可能会改变。
Question 3. You mentioned that you missed the buy on the close of 61. What told you that it was a breakout while still in a sideways trading range?
问题3。你提到你错过了61号K线收盘时的买入。是什么告诉你那是一次突破，而当时仍处于横盘交易区间？
Limit order bars
限价单K线
Well, two things. You’ve got this big-bull reversal bar, you always hear me talk about those bars being limit order bars with sellers above. Those sellers are scalpers. If the context is good, here we’re in a bull trend, at the moving average, I think most of the time you make a profit buying above 58. But you need a wide stop. And the alternative is instead of buying above 58, you place a limit order to buy a 50% pull back. And then 61, now we have a second entry buy setup, with closing on its high at the moving average. To me, that’s even a higher probability buy than buying above 58.
嗯，有两件事。你看到这根大阳线反转K线，你经常听我说这类K线是上方有卖盘的限价单K线。那些卖家是剥头皮交易者。如果背景良好——这里我们处于多头趋势中，在均线附近——我认为大多数时候在58号K线上方买入都能盈利。但你需要一个较宽的止损。另一种选择是，不在58号K线上方买入，而是挂限价单在50%回撤位买入。然后到了61号K线，现在我们有了第二个入场买入形态，收盘在均线上方的高点。对我来说，这比在58号K线上方买入的概率更高。
The right thing to do
做正确的事
And [second thing] I talk, sometimes have stuff I have to do on the phone, doctor’s appointments, and contractors, who knows what. And my mother sometimes calls. She’s always amusing to me.
还有[第二件事]，我说过，有时候我需要在电话上处理一些事，比如医生预约、找承包商，谁知道还有什么。我母亲有时会打电话来。她总是让我觉得很有趣。
What happens is, she’ll call and she’d say “Al. Did you call?” And I know what she’s saying – she’s saying that she’s lonely. And she may be faking it. I don’t know, maybe half the time she says that nobody called, and she just wants to talk to me. So I say “Oh? No Ma, but I can talk.” So whenever she calls, I always take the call. I always speak with her a couple of times a week. And that results in me — it costs me money. But it’s still the right thing to do so I do it.
情况是这样的，她会打来电话说：“阿尔，你打过电话吗？”我知道她的意思——她是在说她很孤独。也许她是装出来的。我不知道，可能有一半时间她说没人给她打电话，其实她只是想跟我说话。于是我说：“哦？没有，妈，不过我可以聊。”所以只要她打电话来，我总是会接。我每周都会跟她聊几次。这会让我——让我损失金钱。但这是该做的正确的事，所以我会这么做。
Al Brooks
阿尔·布鲁克斯
Information on Al’s Online day trading room
Al在线日内交易室介绍