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-time-sales-benefit/ 生成时间: 2026-09-01 14:59
Watching Time & Sales while trading BPA trading room Q&A: April 7, 2016
在BPA交易室问答中观察成交时间与成交量：2016年4月7日
Question: Do you watch Time & Sales? And is there any benefit to it? Video duration: 3min 13sec
问题：你会观察时间和成交量（Time & Sales）吗？这样做有什么好处吗？视频时长：3分13秒
Time & Sales no benefit
成交时间与数量没有用处。
There’s totally zero benefit to it! Also, a lot of Time & Sales is garbage. TradeStation , if you’re looking at Time & Sales, you’ll see, “Oh, 17 contracts, five contracts, 27 contracts” — they’re not showing all their contracts. I don’t know if they’re just showing the market order contracts, but they’re missing a whole bunch of contracts.
这完全没有一点好处！此外，很多成交时间和数量的数据都是垃圾。如果你在TradeStation上查看成交时间和数量，你会看到“哦，17手合约，5手合约，27手合约”——他们并没有显示所有的合约。我不知道他们是否只显示市价单的合约，但他们漏掉了很多合约。
And then if you look at IB [ Interactive Brokers ] Time & Sales, every now and then you’ll see an Emini trade with 30,000 contracts, right? And then you look at the volume of the bar and say, “Wait a minute, the bar only had 1,000 contracts. How can the Time & Sales show 30,000 contracts when I can see the volume is only 1,000?” It’s because, I believe, that when they show 30,000 it’s the end of a huge order that had been placed and filled – in pieces, pieces, pieces, pieces. And then when the final piece of the order got filled, it pops up on Time & Sales.
然后，如果你查看IB（Interactive Brokers）的成交时间和数量，你会偶尔看到一笔迷你标普（ES）交易，成交量高达30,000手，对吧？然后你看看这根K线的成交量，就会说：“等一下，这根K线只有1,000手。为什么成交时间和数量显示30,000手，而我看到的成交量却只有1,000手？”我认为这是因为，当他们显示30,000手时，这是一笔巨大订单的结束，该订单被分成了许多部分，逐一成交。当订单的最后一部分被成交时，它就出现在成交时间和数量中。
DOM trading
DOM 交易
And Richard’s going to get mad at me, when I talk about DOM, “dome”, or whatever you want to call it trading. Price ladders and all that other stuff. [Richard: Not mad, but see my order flow trading support for price action response!] To me, I see, I know what’s going on. I don’t need to look at the DOM to know that there are going to be sellers up here [B45]. And I don’t need to know — I don’t need to look at anything to know — or Time & Sales to know, that there are going to be sellers down here [B52]. It’s just clear, right? And I don’t need to know if there are iceberg buy orders below 65. I know there are, right? Because that’s what makes sense.
当我谈到DOM、“dome"或任何你想称之为的交易方式时，理查德会对我生气。价格梯级和所有其他东西。[理查德：我不会生气，但请看我对价格行为的订单流交易支持回应！] 对我来说，我能看到，我知道发生了什么。我不需要看DOM就知道这里上面会有卖家[B45]。我不需要知道——我不需要看任何东西或成交时间与成交量就知道——这里下面会有卖家[B52]。这很明显，对吧？我不需要知道是否有65以下的大量买单。我知道有，对吧？因为这才有意义。
Price action enough
价格行为（PA）就足够了
So for me, I don’t need to look at that stuff because I know — I know what’s going on. So when I buy above 65, I’m planning on buying more below 65, and I know there are huge orders there. And, I don’t know if they show up on the DOM, not. I don’t care if they’re iceberg orders or not. I know they’re there. So for me, I’m much more simplistic than a lot of traders. This is what I look at. When I’m trading, this is how I trade, I just look at this stuff. And I know what’s going on; every tick in the day, I understand what’s going on. I don’t know with 100 percent certainty, but I really understand what’s going on. And you listen to me talk all day, you know. I’m telling you what I’m thinking, and so Time & Sales, “dome” or DOM, I don’t need it because I know what’s there. Even if you look at those things and you don’t see it, I see it. I can see it on this chart.
对我来说，我不需要看这些东西，因为我知道——我知道市场在发生什么。所以当我在65以上买入时，我计划在65以下买入更多，我知道那里有大量订单。我不知道这些订单是否会出现在DOM上，我也不在乎它们是否是冰山订单。我知道它们在那里。所以对我来说，我比很多交易者都要简单得多。我只看这些东西。当我交易时，我就是这样交易的，我只看这些东西。我知道市场在发生什么；每天的每一刻，我都明白市场在发生什么。我不能百分之百确定，但我确实明白市场在发生什么。你听我一整天说话，你就知道了。我在告诉你我在想什么，所以时间和成交量、‘dome’或DOM，我都不需要，因为我知道那里有什么。即使你看了这些东西却看不到，我也能看到。我能在这个图表上看到它。
Get good at reading chart
学会看好图表
So to me, I would rather have someone get really good at looking at charts and trying to understand what’s going on, than to spend time doing other things. Also, I think looking at charts, and watching the big picture unfold, is more fun than looking at just a DOM ladder all day. I like looking at the December 31st close and see what the market’s doing. I like looking at obvious support and resistance, and see how the market is reacting. For me, it’s fun. You know, I like to see breakouts like this [B53] and say, “Oh boy, look at that. I bet we’re going lower.” To me, that’s fun. And if you’re just looking at a DOM screen, you don’t see any of that. And for me, I would be missing a lot of the fun.
所以对我来说，我宁愿有人能真正学会看图表，并尝试理解市场在发生什么，而不是花时间做其他事情。此外，我认为看图表，观察大局的发展，比整天只看DOM梯形图更有趣。我喜欢看12月31日的收盘价，看看市场在做什么。我喜欢看明显的支撑和阻力位，看看市场如何反应。对我来说，这很有趣。你知道，我喜欢看到这样的突破[B53]，然后说：“哦，天哪，看看那。我打赌我们会跌得更低。”对我来说，这很有趣。如果你只看DOM屏幕，你就看不到这些。对我来说，我会错过很多乐趣。
I’m sure I’m going to get an e-mail from Richard later today, but that’s okay. All right, hope everybody has a good night.
我确信今天晚些时候会收到理查德发来的电子邮件，但没关系。好了，希望大家都有一个美好的夜晚。
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