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/trading-range-day-two-legs-swing/ 生成时间: 2026-09-04 14:15
Trading range day swing trading BPA trading room Q&A: August 12, 2016
区间震荡日波段交易 BPA 交易室问答：2016年8月12日
Question: I bought the 17 close — okay, that makes sense — for a swing trade using a wide stop, then scaled in on the way down and took the loss. Okay. Video duration: 7min 11sec
问题：我在17号K线的收盘价买入——这有道理——打算做波段交易，使用了宽止损，然后在下跌过程中加仓，最终承受了亏损。好的。视频时长：7分11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。
Bull leg in trading range
交易区间内的多头腿
Now, my only concern about that was I mentioned at the time. I don’t know if you were in the room at the time. I mentioned that the bars were fairly small and it’s probably a bull leg in a trading range. Buyers below 20, and you can see we went up exactly five ticks, and that tells you that bulls were all scalping. So the bulls were scalping and you’re swing trading, and you’re entering fairly high in what is probably a trading range day. So for me — I talk about this occasionally — if a day is mostly a trading range day, my routine is to scalp until it’s clearly not a trading range day. And then sometimes I’ll swing parts, sometimes I’ll scalp parts, sometimes I’ll swing all. But 16, 17, 18, to me — I said at the time that, that’s not how strong trend days typically begin so this is probably a bull leg in a trading range.
我当时唯一担心的就是我提到的那个问题。我不知道你当时是否在房间里。我提到过，K线比较小，这可能是一个交易区间内的多头推进段。买方在20下方，你可以看到我们正好上涨了五个点，这说明多头都在做短线交易。所以多头在做短线，而你在做波段交易，你是在一个可能是区间震荡日的较高位置入场的。所以对我来说——我偶尔会提到这一点——如果一天大部分时间是区间震荡日，我的习惯是做短线交易，直到它明显不再是区间震荡日为止。然后有时我会做部分波段，有时我会做部分短线，有时我会做全波段。但对我来说，16、17、18号K线——我当时说过，这通常不是强势趋势日的开始方式，所以这可能是一个交易区间内的多头推进段。
So my only thought is, I would not take that as a swing trade.
所以我唯一的想法是，我不会把它当作波段交易来操作。
Q: Back to your question. “I bought the 17 close for a swing trade using a wide stop, then scaled in on the way down and took a loss.”
Q: 回到你的问题。 “我以17号K线的收盘价进行波段交易，使用宽幅止损，随后在下跌过程中加仓，最终亏损。”
Trading really small
交易规模很小
My other thought about that is if you’re buying and you’re willing to scale in using a wide stop and you think the day is either a bull trend day or a trading range day, you have to be really patient and you got to use a wide stop, and — what’s a wide stop? Sometimes it has to be 10 points or more if you’re buying at what might be the top of a trading range day. And I think that’s what the 17 high was. So you would have had to use eight or a 10-point stop to avoid being stopped out. Which means you have to trade really, really small, assuming you held on the way down.
我对这件事的另一个想法是，如果你在买入，并且愿意用宽止损加仓，同时认为当天要么是多头趋势日，要么是交易区间日，那么你必须非常耐心，并且要使用宽止损。那么，什么是宽止损呢？有时候，如果你在可能处于交易区间日顶部时买入，止损可能需要达到10点或更多。我认为17号高点就是这种情况。所以，你需要使用8点或10点的止损来避免被止损出局。这意味着，假设你在下跌过程中持仓，那么你必须交易非常小。
In a situation like that, if I buy that 17 close and then, you know, I see three or four bars, and I think we’re always in short, I’m just going to get out and take the loss. I’m certainly not going to scale in, and if anything, I’ll try to get short for scalps on the way down.
在这种情况下，如果我买入17号K线的收盘价，然后看到三四根K线，认为我们始终处于空头状态，我就会选择离场并接受亏损。我肯定不会加仓，如果有机会，我会在下跌过程中尝试做空以进行短线交易。
Q: Okay, back to the question: I then shorted bar 44 — okay — and scaled in when it was still on its low and repeated the same thing in the reverse direction as the market was climbing. Okay.
问：好的，回到问题上：我随后做空了44号K线——好的——并在价格仍处于低点时加仓，当市场上涨时，我在相反方向上重复了同样的操作。好的。
The 80% inertia rule
80%惯性法则
What you do is a really common thing, okay? If you read my post this morning, the update that I did around 7 o’clock, I wrote “probable trading range day.” When the open looks like this, it’s probably a trading range day. And a really common thing that happens to beginners all of the time on trading range days is they see the bull breakout and they buy. They see the bear breakout and they sell — hoping that the day is no longer a trading range day. But, you know, 80 percent of the time — remember my 80 Percent Rule (Inertia Rule), 80 percent of the time, strong breakout attempts up and down in a trading range day fail. And if you’re buying a strong bull breakout near the top or selling a strong bear breakout near the bottom, you’re taking a trade that has an 80 percent chance of not going very far.
你所做的事情是非常常见的，好吗？如果你读了我今早的帖子，我在7点左右更新的内容，我写了“可能是交易区间日”。当开盘情况看起来像这样时，它很可能是一个交易区间日。初学者在交易区间日经常遇到的一个常见情况是，他们看到多头突破就买入，看到空头突破就卖出——希望当天不再是交易区间日。但是，你知道，80%的情况下——记住我的80%法则（惯性法则），80%的情况下，交易区间日中的强劲突破尝试，无论是向上还是向下，都会失败。如果你在接近顶部时买入强劲的多头突破，或在接近底部时卖出强劲的空头突破，那么你所做的交易有80%的概率不会走得很远。
Starting out swing trading
开始波段交易
I understand what you’re doing. You’re saying, “Okay, I’m starting out. It’s better to swing trade than to scalp.” But if you’re swing trading and the day looks like this, do you think it’s going to be a bull trend day or do you think it’s going to be a trading range day? And when the breakout’s small like that, do you think it’s going to be a bull trend day? Or do you think it’s going to be a bull leg in a trading range?
我明白你在做什么。你说：“好吧，我刚开始。波段交易比短线交易更好。”但是，如果你在进行波段交易，而当天的走势看起来像这样，你认为它会是多头趋势日还是交易区间日？当突破幅度很小时，你认为它会是多头趋势日吗？还是认为它会是交易区间中的多头推进段？
And it’s probably going to be a bull leg in a trading range. On the way down when you see a sell-off that looks like this [B25-29], where are the big consecutive bear bars closing on their lows? Ah, you finally got them [B32-24], right? But it’s the second leg down in what has been a trading range day. So it’s more likely that this is a second leg trap, especially since it’s right at support — yesterday’s low, measured move target.
这可能是一个交易区间内的多头推进段。在下跌过程中，当你看到这样的抛售形态 [B25-29] 时，连续的大阴线在哪里收于低点？啊，你终于在 [B32-24] 找到了它们，对吧？但这是交易区间日内第二次下跌的推进段。所以这更可能是一个二次推进段的陷阱，尤其是因为它正好位于支撑位——昨日低点，等距目标位。
Assume no breakouts on trading range days
假设交易区间日内不会出现突破
You know, I understand; it’s easy to get excited. You see the market finally breaking out, finally has the potential of a trend. But when most of the price action is trading range price action and you see a second leg that looks especially strong, yet it’s not breaking out above major support or resistance on the chart, it’s still basically within the range. You have to assume it’s a buy climax—a second leg trap, or a sell climax–second leg trap.
你知道，我理解；很容易兴奋起来。你看到市场终于突破了，终于有趋势的潜力了。但当大部分价格行为是交易区间内的价格行为时，你看到第二个推进段看起来特别强劲，却没有突破图表上的主要支撑或阻力位，它仍然基本处于区间内。你必须假设这是一个买入高潮——二次推进段陷阱，或卖出高潮——二次推进段陷阱。
Be careful buying strong breakouts
谨慎买入强劲突破
So — and it just takes a long time, I think, to get used to it because, the selloff 43, 44, it just looks so promising and then 16, 17, 18, you have a series of consecutive bull bars finally breaking out, it gets you hopeful. Even though the bars are not big, but you have to just keep telling yourself, “Al says it’s probably going to be a trading range day so I got to watch out for second leg traps. And — which means I got to be really careful about buying strong breakouts at the top and selling strong bear breakouts at the bottom” because too often there’s just second leg traps.
所以——我认为适应这点需要很长时间，因为43、44号的抛售看起来很有希望，然后16、17、18号，你看到一系列连续的阳线终于突破了，这让你充满希望。即使这些K线不是很大，但你必须不断告诉自己：“Al说这可能是一个交易区间日，所以我必须小心二次推进段的陷阱。这意味着我必须非常小心，不要在顶部买入强劲突破，也不要在底部卖出强劲空头突破”，因为太经常出现二次推进段的陷阱了。
Q: Okay, question: Is buying below the 40 low for a scalp an acceptable trade? And if so, how would you manage the trade?
问：好的，问题是：在40号低点下方买入进行短线交易是否是可接受的交易？如果是，你将如何管理这笔交易？
A lot of times on trading range days, between 10 and 11 o’clock you get a strong breakout like that [B38/9], okay, and it looks like the day is turning into a trend day. This is really, really common on trading range days. It was a trading range day to that point and it tries to become a trend day, and — so if you’re buying for a scalp, what do you do? How do you manage it? Then you see three consecutive bear bars [B40-42], either you get out on the close of the third bear bar 42 or you get out below 42. And guess what, that’s what happened on 43. A whole bunch of traders said, “Uh, I don’t like three consecutive bear bars. I’m getting out if we get a fourth bar in this pullback,” and that’s part of what caused 43.
在交易区间日内，很多时候在10点到11点之间，你会看到这样的强劲突破 [B38/9]，好吧，看起来这一天正在变成趋势日。这在交易区间日内非常常见。到那时为止，它是一个交易区间日，试图变成趋势日——所以如果你买入进行短线交易，你该怎么做？你如何管理它？然后你看到三个连续的阴线 [B40-42]，你要么在第三个阴线42号收盘时出局，要么在42号下方出局。猜猜怎么着，这就是43号发生的情况。一大群交易者说：“嗯，我不喜欢三个连续的阴线。如果回撤中出现第四根K线，我就会出局”，这就是导致43号情况的部分原因。
Take the loss, get ready to trade again
接受亏损，准备好再次交易
So if I bought the 40 low looking for a scalp and then I got three bear bars — 40, 41, 42, 42 closing on its low, that warns some to get out one tick below 42. And that’s what everyone on the planet did over here, so everybody did that. So for me, that’s the management. And if anything, I’d get out here [B42 close], right? I would be starting to think, “It’s probably a second leg trap. There are probably buyers below 34, probably buyers below 1. I’m going to get ready to look to buy either, above 45 a bull bar. And you got legitimate scale-in bulls here [B30], scale-in bulls here [B35], so we’ll probably get back to here [B35], maybe all the way here [B30]”. And the scale-in bulls will buy above a bull bar — they bought here [B48], right? So I would be looking again to buy. I would get out. I would take the loss up here [B42] had I taken that buy. But I would be ready to buy again.
所以，如果我在40的低点买入，打算做短线交易，然后出现了三根阴线——40、41、42，其中42号K线收于低点，这就提醒一些人要在42下方一跳止损离场。全球所有人都在这里这么做了，所以每个人都这么做了。对我来说，这就是管理。如果有什么情况，我会在这里离场 [B42收盘]，对吧？我会开始思考：“这可能是第二个腿的陷阱。34下方可能有买家，1下方可能也有买家。我准备好在45上方买入阳线，或者在30号K线或35号K线处买入。这里 [B30] 有合法的加仓多头，这里 [B35] 也有加仓多头，所以我们可能会回到这里 [B35]，甚至回到这里 [B30]”。加仓多头会在阳线上方买入——他们在这里 [B48] 买入了，对吧？所以我会再次寻找买入机会。如果我当时买入了，我会在这里 [B42] 止损离场，承担损失。但我会准备好再次买入。
Note: Here is a related Ask Al video special on Trading Range Days price action. An important topic.
注意：这里有一段与交易区间日价格行为相关的“问Al”视频特别内容。这是一个重要的话题。
Al Brooks
阿尔·布鲁克斯
Information on Al’s Online day trading room
关于阿尔在线日间交易室的信息