Let's talk about eliminating noise in the charts

Is this guy stupid

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nooby_mcnoob said:
Sometimes when NQ goes parabolic I think it might actually loop backwards.
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Back to the smoothing idea...Here's a standard unirenko chart starting Sunday night until now that shows typical action on a typical smaller-sized chart.

es7-3jagged.JPG


Here's the same date range on a much-larger bar chart...

es20-10smooth.JPG


Yes, there is a way to avoid the noise, but on a chart that large you have to use humongous stops to get out of the noisy chop. It's all relative.
 
Have a look at some of the work by John Ehlers. However, I am not making a claim that his work will result in a positive expectancy trading method for you or anyone for that matter.

You may have just discovered for yourself that indicators don't work.
 
nooby_mcnoob said:
Yes the conclusion appears to be that I have to use my smooth brain to smooth it. It works fine, but I just wish I could stop using my brain.
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Tough titties, yer stuck with using it. Eat some hot fudge right out of the jar and wash it down with some Jolt™ cola. That'll get you some thinking juice right quick. :-)
 
nooby_mcnoob said:
Noise is more or less action around a mean. At least so far as I'm concerned.
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Notice the pattern during today's session that appears many times per month. Drop at RTH open, and right around 10:30AM ET it reverses and rises through the afternoon. Super-easy to see on both charts. I wish I could predict those days. Bollocks.
 
Simply eliminate the chart totally and the noise will disappear totally.

Do not attempt to smoothen the noise from the chart.

Even if you manage to smoothen the chart and trade it,
the chances of a successful trade are zero.

Go and choose other charts which are nice looking and not ugly.

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