There are enough materials out there on Elliott that if you found yourself interested, there is plenty to read. As I became more immersed in Elliott, I realized that he had made some crucial errors, rendering his specific approach pretty useless, but, as a way of thinking about the market, his approach turned out quite useful to me, specifically the ideas of "mass psychology" and not needing anything outside of price data.
It's not so much that individual transactions are "noise", it's the reasons for them that are noise. When price goes up and triggers a trade for me, the specific transaction that enabled price to hit my trigger may be from a hedge fund, a guy putting down his last $400 on a day trade or an insurance company trying to hedge variable annuity exposure. It doesn't matter. All that matters is that price hit where my stop limit was parked and now I'm in a trade.
The science of it is exactly that, to figure out when individual transactions become a trend. For that, you need to understand the logic of the market's fluctuations, or "waves". I have devised a set of rules that give me better than even odds of identifying that point.
Interestingly, since you mention noise chopping you up, the rules are so sensitive to market action that rather that put me into bad trades, it appears that the rules actually simply stop giving trade triggers when the environment isn't conducive to profitable trading. I've spent most of the past 4 months on the sidelines, but when I do get in, the trades are still profitable.
