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原文链接: https://www.brookstradingcourse.com/ask-al/scaling-in-techniques-when-to-use/ 生成时间: 2026-09-04 14:45
BPA trading room Q&A: October 2 & 6, 2015
BPA交易室问答：2015年10月2日 & 6日
Regarding scaling in, you often say traders scale in one point above or below and two points above or below. Sometimes you say scale in only when you get another good signal bar in the direction of your first position. How do you decide when you use which scale-in technique? Video duration: 7min 26sec
关于加仓，你经常说交易者会在比当前价格高或低一个点，或者高或低两个点的位置加仓。有时你又说，只有当你在第一个头寸的方向上得到另一个好的信号K线时，才应该加仓。你是如何决定何时使用哪种加仓技巧的？ 视频时长：7分26秒
You can also view this video on Al’s YouTube Channel if needed.
如果需要，您也可以在Al的YouTube频道观看此视频。
Video transcript—Scaling in techniques
视频记录——加仓技巧
How to decide when to use?
如何决定何时使用？
Yeah, you bring up a really good point. If I think the market is really range bound in a fairly tight range and not going very far, then I feel comfortable scaling in one point, two points. On the other hand, if I think the market is doing something that is a surprise … we had an example of that… you could argue over here, right… would I scale in one point below 28? I would not. Would I scale in below 22? I would. Why would I not scale in below 28? It’s a wedge bottom — one, two, three — and there’s too much risk of a bear breakout. So, in that kind of a situation, I would not scale in below 28. However, I know that some bulls bought above here, bought above here. This is probably not going to be a big bear trend day, and therefore scale in bulls will buy above 33, and therefore I am willing to buy above 33, thinking that there will be at least a 50 percent pullback on that.
嗯，你提出了一个很好的观点。如果我认为市场在一个相当窄幅的交易区间内震荡且不会走得很远，那么我会感觉在1点、2点处加仓很舒服。另一方面，如果我认为市场在做一些令人惊讶的事……我们之前有过一个例子……你可以在这儿争论，对吧……我会在28点下方1点处加仓吗？不会。我会在22点下方加仓吗？会。为什么我不在28点下方加仓？这是一个楔形底部——一、二、三——且存在太大的空头突破风险。所以在这种情况下，我不会在28点下方加仓。然而，我知道有些多头在这里以上买入，在这里以上买入。这 provavelmente 不会是一个大的空头趋势日，因此加仓的多头会在33点以上买入，我也愿意在33点以上买入，认为至少会有50%的回撤。
A lot of times… see if I can find another example… a lot of times, especially in a trading range, where there are logical sells like here, you can argue that it’s logical to sell below bar 40. And if you do, where do you start to scale in? Do you scale in above 40? I don’t know. It’s a trading range, you could, but once you see that you’re going to be thinking it’s going higher. So had I shorted below 40 and had I scaled in higher, I probably would have gotten out on the 44 close. On the other hand, other bears will say, “It’s coming back to that 40 low and I’m going to scale in, but I’ll wait for a bear reversal bar and then sell below that bear bar. So I’ll sell below 46 and then either get out between my two entries, this low and that low, or I’ll hold for a test of 40 low.” I don’t know if we clearly got there.
很多时候……看看我能不能再找一个例子……很多时候，尤其是在交易区间里，这里有一些合理的卖出点，你可以争论说在40号K线下方卖出是合理的。如果你这么做了，你从哪里开始加仓？你会在40点以上加仓吗？我不知道。这是一个交易区间，你可以这么做，但一旦你看到价格可能会继续上涨。所以如果我在40点下方做空并在更高位置加仓，我可能会在44收盘时平仓。另一方面，其他空头会说，“价格要回到那个40点低位，我打算加仓，但我会等待一个空头反转K线，然后在该空头K线下方卖出。所以我会在46点下方卖出，然后要么在我的两个入场点之间平仓——这次低点和那个低点——要么持有以测试40点低位。”我不确定我们是否真的达到了那里。
So it depends on the circumstances. Usually, I’m much more inclined to scale in one or two points, one or two points and use a wide stop, but in a situation where I think there’s a possible breakout, I do not do the one or [two points scale-in]. And I talked about that over here. There was a potential for a bull breakout here. There was such an obvious short that there was a potential for a bull breakout, so I’m not going to sell above 30. Instead, I’ll wait and if it breaks out, then I’ll buy it, which I did.
这取决于具体情况。通常，我更倾向于加仓一到两个点，然后使用宽止损，但在我认为可能出现突破的情况下，我不会进行一到两个点的加仓。我之前在这里提到过这个问题。这里存在多头突破的可能性。空头信号如此明显，以至于存在多头突破的可能性，所以我不会在30以上卖出。相反，我会等待，如果它突破了，我就会买入，我就是这么做的。
I know I’m not being all that clear because it is very subjective. I think, in general, most traders who are scaling in should use the stop entry method. So if you buy and you’re looking to buy more lower, wait for a bull reversal bar. For example, if you buy — if you bought up here, let’s say you buy the 10 high, and you want to scale in lower, it’s better to buy above 13 and keep your stop below 8, than it is to buy and then buy two points down, two points down, two points down. So I think most traders should do it that way. In the new version of the course, I have an entire video about entering late in the trend, and I’ll be talking about that some in Las Vegas (November 2015) in a few weeks, but that is the basic idea. I think traders starting out, it’s dangerous to be scaling in at fixed intervals–one point, two point, and three or four points–and it’s better if they’re thinking of scaling in to do it with a stop entry for a second trade.
我知道我表达得不是很清楚，因为这很主观。我认为，总体而言，大多数进行加仓的交易者都应该使用止损入场法。所以，如果你买入并希望在更低的价格买入更多，请等待多头反转K线。例如，如果你买入——假设你在10的高点买入，并希望在更低的价格加仓，那么在13以上买入并保持止损在8以下，比买入然后在两个点、两个点、两个点下方买入要好。所以我认为大多数交易者应该这样做。在课程的新版本中，我有一段完整的视频讲解如何在趋势后期入场，我将在几周后的拉斯维加斯（2015年11月）稍微谈谈这个问题，但这就是基本思路。我认为，对于刚开始交易的交易者来说，在固定区间——一个点、两个点、三个或四个点——加仓是危险的，如果他们考虑加仓，最好用止损入场来进行第二笔交易。
Don’t buy first leg down
不要买入第一段下跌。
Let me try to find another example. So here, for example… let’s say you bought here, which you would not because odds were there was going to be a second leg down. Let’s say you bought 34 … the 34 high … I would not buy the 34 low or two points lower if I were starting out. I would buy the 34 high using my wide stop, and then when it reverses up above 41, buy above 41. And because I know that the institutions are doing that, a lot of times I’ll look at 34 and say, “Oh, that’s a bad buy,” but I know the scale-in institutions are looking for a good bull bar, 41, to buy so then I will buy above 41 or 42.
让我试着再找一个例子。比如这里……假设你在这里买入，但你不会这么做，因为很可能还会出现第二段下跌。假设你买入34……34的高点……如果我是刚开始交易，我不会买入34的低点或两个点以下的价格。我会用宽止损买入34的高点，然后当它反转上涨到41以上时，在41以上买入。因为我知道机构也在这么做，所以很多时候我会看着34说：“哦，这是一个糟糕的买入点”，但我知道加仓的机构正在寻找一个好的多头K线，比如41，来买入，所以我会在41或42以上买入。
So a lot of times, you’ll hear me say that I’m buying, or that it’s a reasonable buy because the scale-in traders or institutions will take that buy. I’m not sure if I’m being all that clear, but bottom line: If you’re starting out, I think it’s risky to sell and then sell more two points higher, sell more at two points higher. It’s better if you’re looking to scale in, you sell, and if it goes higher, wait for a bear reversal bar and then sell below the bear reversal bar. So let’s say you sold the 16 close or below 16, don’t sell more here. You wait for that to sell and you sell below 21.
很多时候，你会听到我说我在买入，或者这是一个合理的买入，因为加仓交易者或机构会接手这笔买入。我不确定我是否表达得很清楚，但归根结底：如果你是刚起步，我认为先卖出，然后在价格上涨两点时再卖出更多，接着再在上涨两点时再卖出更多是有风险的。如果你想要加仓，更好的做法是先卖出，如果价格上涨，等待出现空头反转K线，然后在该空头反转K线下方卖出。比如说你在16收盘价或下方卖出，不要在这里再卖出更多。你等待卖出，然后在21点下方卖出。
Question follow up — October 6, 2015
问题跟进 — 2015年10月6日
Okay, Al, I asked this question on Friday, but the audio was not clear so I’m posting it again. Regarding scaling in, you sometimes say scale in only when you have another good signal in the direction of the first position. How do you decide which technique to use?
好的，Al，我周五问过这个问题，但音频不清楚，所以我又发一次。关于加仓，你有时说过只在你已经有另一个方向与第一个持仓相同的好信号时才加仓。你怎么决定使用哪种技巧？
Take account of possible deep pullbacks
考虑可能出现的深度回撤
Let me give you an example, okay? Let’s say you bought the 47 close, right? And then you start seeing it sell off. Do you buy it one point lower, two points lower? No. We’re in a trading range so we can get a very deep pullback. So whenever there’s a reasonable expectation of a deep pullback, reasonable potential of a deep pullback, I’m not going to buy one point lower, two points lower. If I buy that close and I decide that I’m going to keep my stop down here, the next buy is going to be above a bull bar, bar 52, right?
让我举个例子，好吗？假设你在47收盘价买入，对吧？然后你开始看到它回落。你会在低一点、两点处买入吗？不会。我们处于交易区间，所以可以出现非常深的回撤。只要有合理的预期出现深度回撤，合理的潜力出现深度回撤，我不会在低一点、两点处买入。如果我在那个收盘价买入，并决定把止损放在这里，那么下一次买入将会在52号K线的阳线上方，对吧？
On the other hand, if I’m buying what I think is a very strong bull breakout and I think the odds are high there are buyers below, then I will buy one or two points lower because I think the odds of a deep pullback are small. Same with selling. I’m just trying to find something obvious, like here. Here, I think this is a bull breakout. I think we’re Always In Long. And there’s an urgency to it; or here or here, there’s an urgency to it. So there, if I buy, I’m probably going to buy one or two points lower because I think it’s a breakout and the probability is high that we’re going higher, and that the pullback will be brief. If I’m buying in a trading range, I think there’s a high risk of the deep pullback and I’ve got to be really careful buying too high and scaling in too high. So if I’m buying here, I’m buying after the market has gone up 10 bars. That is high. So to me, I don’t want to be buying again here. If I’m going to be buying again, I want to buy it with a stop.
另一方面，如果我买入我认为是一个非常强劲的多头突破，并且我认为下方有大量买盘的可能性很大，那么我会在一两个点更低的位置买入，因为我认为深度回撤的可能性很小。卖出也是一样。我只是试图找到一些显而易见的东西，比如这里。我认为这是一个多头突破。我认为我们应该始终持多。这件事很紧急；或者这里或这里，情况也很紧急。所以，如果我买入，我可能会在一两个点更低的位置买入，因为我认为这是一个突破，并且我们上涨的概率很大，而回撤将是短暂的。如果我在交易区间内买入，我认为深度回撤的风险很大，我必须非常小心，避免买入过高和加仓过高。所以，如果我在这里买入，我会在市场上涨了10根K线之后再买入。这已经很高了。所以对我来说，我不想再在这里买入了。如果我要再次买入，我会设置止损来买入。
So I hope that makes sense. So in a trading range, I prefer a second entry on a stop. Usually, I don’t buy high in a trading range. If I do, I get out pretty quickly. And instead — in a situation like this — I say, “Huh, the scale-in bulls will be buying here,” so I start looking to buy, thinking that we’re probably limited in how far down we’ll go.
所以我希望这能说得通。在交易区间中，我更倾向于在止损位进行第二次入场。通常情况下，我不会在交易区间内高位买入。如果我这么做了，我会很快离场。相反，在这种情况下，我会想：“嗯，加仓的多头会在这里买入”，所以我开始寻找买入机会，认为我们下跌的空间可能有限。
Here, bears sell this close. I’m going to be selling below bars or I’ll be selling somewhere in the middle, thinking that scale-in bears will — will be selling with stops.
在这里，空头卖出这个收盘价。我会在K线下方卖出，或者在某个中间位置卖出，认为加仓的空头会带着止损位卖出。
Al Brooks
我是 Al Brooks，全球顶尖的价格行为（PA）交易教育者。
在交易中，我们需要关注市场的价格行为，识别多头和空头的动态。阳线和阴线是我们判断市场情绪的重要工具。回撤和突破是常见的价格行为模式，而突破回撤则需要我们特别注意，因为它可能预示着突破失败。
交易区间和窄幅交易区间是市场横盘整理的区域，而趋势则是价格持续上涨或下跌的方向。开盘趋势是我们判断当日市场方向的重要依据。信号K线和入场K线是我们入场交易的关键点。
内包线和外包线、十字线等K线形态，以及后续跟进和推进段，都是我们分析市场走势的重要工具。波段交易和短线交易是不同的交易策略，而始终持多或始终持空则是一种长期的交易策略。
等距运动、更高的低点、更低的高点、更高的高点和更低的低点，这些都是我们判断趋势强弱和反转的重要指标。均线、K线、楔形、通道、宽通道、头肩形态、双顶/双底、主要趋势反转、高潮（衰竭）、缺口等技术形态，都是我们分析市场的利器。
迷你标普（ES）和微型迷你是常见的交易品种，止损和目标位是我们控制风险和锁定利润的重要手段。风险回报比是我们评估交易机会的关键指标，而加仓（分批建仓）则是一种控制风险的策略。限价单和停损单是我们执行交易指令的工具，而机构则是市场中的重要参与者。
概率和优势（edge）是我们评估交易机会和制定交易策略的重要因素。在交易中，我们需要直接、实用地分析市场，像在交易室里对学生讲话一样，不绕弯子，抓住市场的核心动态。
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