Noise exists in Trading 100%. Some big Fund liquidating Shares for financial purpose creates Noise. And Noise whipsaws you in and out. So the question becomes, what timeframe allows you to eliminate Noise but still trade as close as possible to the Trend.
A lot of Noise, opinions, hype, content, filler, distractions, decoys, temptations, egos, low quality energy out there definitely. Any timeframe is Meaningless if you're just following it, tracing it, rather blindly emptily without much meaning conviction behind it. You're exposed constantly to gyrations in a hurricane. Good luck getting out of that unscathed. Blind man without a cane trading. You're basically asking a crystal ball question. And no one truly knows the future. But you can be crafty in your approach and have an overall picture depth.
And thus the reason alot of Traders lose, they're trying to ride a Trend of Noise which will soon reverse and wipe them out.
Everyday...the market chart is 1.2% vital, critical, high quality, points. While the rest of the day is 98.8% filler decoys distractions. And you have to realize those key infliction points while riding out the rest. Way too many traders are led astray by fake signals and theory from ancient mechanical trading books courses and social opinion. It only looks sexy and intelligent from hindsight.
I know you guys are going to think I am crazy because I don't use tick data but 1 month is the sweet spot. That's what's used more or less to calculate the Implied Volatility (20 days). If you click 1M interval on TradingView then they display 30min candle data. Daily is nice. 30min is nice. 5min is nice. Noise is relative to every strategy & trader. Noise is something that doesn't provide information. A bit like the guy you're chatting with @LionsWarthogsMillions Anything within +-1Sigma is definitely noise. 1Sigma of what ? Pick your data, lookback.
Says the person who a few Days ago said he still can't turn a Profit after 10 years. I bet I know more, have studied more than you.
Blablabla you're bitching you too I see. Pulling hairs of each other, here and there. At least I am honest with my PnL You guys are only changing nicknames, While providing zero value to ET.
No, I know when to take a break from Trading and the forum, thus my previous Hiatus, and change of Username. Did you really pick up the little Wycoff pdf and base your whole strategy off only that? No wonder you are unprofitable.
I am up 1,200% YTD But have fun staying poor Asking noob questions 4ever. & requesting breastmilk from Dest.