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原文链接: https://www.brookstradingcourse.com/ask-al/pullbacks-entering/ 生成时间: 2026-09-04 14:25
Entering pullbacks BPA trading room Q&A: March 18, 2015
进入回撤的价格行为交易室问答：2015年3月18日
Question: I have trouble working out when to enter on a pullback directly above or below the prior bar, or one point above or below. I want to wait for a deeper pullback, like a 50 percent pullback before entering. Any tips on when to get in early and when to wait? Video duration: 2min 30sec
问题：我在判断何时在回撤时直接进入（回撤位置位于前一根K线上方或下方，或高/低一个点）时遇到困难。我希望等待更深的回撤，比如50%的回撤后再入场。有什么建议可以帮助我判断何时应该早点入场，何时应该等待吗？ 视频时长：2分30秒
You can also view this video on Al’s YouTube Channel if needed.
如果需要，也可以在Al的YouTube频道观看此视频。
When to enter pullbacks
何时入场交易回撤
One of the things that I really enjoy about trading is that it is so subjective, but that’s also one of the things that makes it really frustrating for traders. Everyone wants rules. “Do this, you make money. Do that, you make money.” And if you think about it, rules are impossible because if there’s a rule, then it’s a perfect trade . You do it and you make money, right? However, there has to be an institution taking the other side of the trade, and it’s not going to take long for the institution to realize that every time they take that particular trade, they lose money and you make money. So they’re going to stop doing it, and all of a sudden you’re going to stop making money. And that makes everything constantly subjective.
我非常喜欢交易的一点是，它非常主观，但这同时也是让交易者感到非常沮丧的原因之一。每个人都想要规则。“做这个，你就能赚钱。做那个，你也能赚钱。”但如果你仔细想想，规则是不可能存在的，因为如果存在规则，那就是一个完美的交易。你执行它，就能赚钱，对吧？然而，必须有一个机构来承担交易的另一方，而该机构很快就会意识到，每当他们进行那笔特定的交易时，他们就会亏钱，而你就会赚钱。所以他们会停止这样做，突然之间，你就不再赚钱了。这让一切变得始终主观。
In general, I think a trader starting out should not be buying with limit orders even easy trades, like 58 — 58 low. Really high probability that there’d be buyers below. What’s high probability? 70 percent, 80 percent; really high probability. Not necessarily within one or two bars, but certainly within four or five bars chances are, there’d be buyers below here [B58] before the market gets below here [B57]or below here [B56].
总的来说，我认为刚起步的交易者即使在看似简单的交易中，比如58低点，也不应该使用限价单买入。下方出现买盘的概率非常高。什么是高概率？70%、80%，那就是非常高的概率。不一定是在一两根K线内出现，但肯定在四到五根K线内，市场在跌破这里[B57]或这里[B56]之前，这里[B58]下方很可能会有买盘。
Strong breakouts
强势突破
So if you’re ever going to buy with a limit order in a bull breakout, the only time you should consider it, is on the very first reversal up after a strong breakout. And then beyond that, if you have a weaker trend, like in here [B6-B12], then you’re expecting a lot of two-sided trading so you’re expecting deeper pullbacks. This is the kind of environment where traders would consider entering on 50 percent pullbacks. So rally here and guess what? Traders bought the 50 percent pullback.
如果你 ever 去在多头突破时使用限价单买入，唯一应该考虑的时机是在强劲突破后的第一次向上反转。除此之外，如果趋势较弱，比如这里[B6-B12]所示，那么你会预期出现很多双向交易，因而会期待更深的回撤。这种环境下，交易者会考虑在50%回撤时进场。于是在此反弹，猜猜看？交易者在50%回撤时买入了。
Sell off here but within a trading range, so what do you think happened? Bears sold the 50 percent pullback, right? That just happens all the time. So the more two-sided the market is, the more likely pullbacks will be deep and the more likely traders will be looking to wait for 50 percent pullbacks. The stronger a trend is, the more likely pullbacks will be small and traders will not wait around for 50 percent pullbacks.
这里出现卖出，但仍在交易区间内，你认为发生了什么？空头在50%回撤时卖出，没错？这简直是时常发生的事情。因此，市场越双向，回撤越可能较深，交易者也越可能在等待50%回撤。趋势越强，回撤越可能较小，交易者也就不会一直等待50%回撤。
Al Brooks
Information on Al’s Online day trading room
关于 Al 的在线日间交易室的信息