How does one study noise? The after -the-fact rationalizations are no indication of predictablity. There is literally no way to test hypothesis because you can't control for single variables. What then, is being studied? Why is simple pattern recognition elusive?
Its not, look at www.atsfutures.com ( patteren only, no indicators), http://dom993trading.com another pattern based system... there are plenty.
I can try to explain to you how to study noise, but it will take to long.. I already told you that the market is very complicated.. Do you think in one paragraph a doctor can explain how to do surgery on a human.? The market is really that complicated.. Plus you will have to sit next to a trader day in and day out for a long time to understand it better.. To understand why he's taking that trade.. understand his thought patterns.. This is hard work man.. Things may seem random because you can't see what's really going on.. Did you watch the NBA finals? If so, then you saw the spurs pass the ball around to every player before they took a shot.. It may look like they are randomly passing the ball but it's actually a system they run.. Everything looks random if you don't know what's going on or what to look for...
Oh Ok, let's create a "thread" on ET so we can promote some websites for free. And of course the moderators wouldn't notice a thing, right? Anyway.
I don't have the option of watching a trader. What do you recommend? This is not an easy discipline to learn simply for the fact that seemingly every commentary on what is happening, what has happened, and what will happen is at odds with each other. I don't expect to learn this from osmosis; i can stare at charts all day and pretend to see patterns, i'm sure, and parse absolutely no relevent information from the effort.
If you are not willing to study those trading charts day and night (so you can find a statistical edge somewhere), then you will never be a real trader. Trading is a passion and lasts a lifetime ... and beyond.
What do you mean..? Please explain... First, tell me what market are you trading? And please tell me how are you trading the market ? I don't need to know your system.. I just need to know what are you looking for.. For example, are you trading with the trend?...and if so, what are you looking for.. Pullbacks?
I don't have anything to do with any website. I wouldn't waste my money on P&F charting software anyway.
Study what? Even a relatively young science like quantum physics has objective information and peer review. I'm sorry but staring at charts all day and night is unproductive. I am not against studying and learning-- far from it. Studying established information with precedent is a typical way to learn something.