The only thing this chart proves is you dont know how to draw channels right and you are missing many of them that would give you a proper context, not just a very general trend.
"Fletchers make straight the arrow. Irrigators lead the water where they will. Wise men shape themselves." You have much to learn, hatchling.
And people with great intelligence but very high levels of arrogance and inflexibility usually fail or get nowhere significant in their trading pursuits. You have much to learn, hatchling
Now just for you, Hatchling, as we are well knowing that the Hersheyists not know when to stand ass-side, here is our standing asside tooling. In the bottoming pane is a presenting of the ranging of price. The thin aqua lining is our thresholding of standing. For the venerable NQ we are picking five points. The blueing line is the range of the lasting price moving. The "fushcia" line (the coders at Easy Signalling must be ETers, from the not spelling) is the current ranging from the last lowing or highing, as the case may being. If we do not get the ranging, we do not get the trading. We are having at the same timing a voluming measure, but as you are being a Hersheyite, the sighting of it would only make you shit from the Heres(h)y of it.
Well, sehr geehrter Rahula, perhaps it should be pointed out that channels don't really exist. They are an illusion, the crutches designed to help those of us who struggles seeing the behavior of volume. Did you ever stop to think why the only two individuals who publicly demonstrated that they "got it" by posting extensively on the subject, used significantly different conventions to draw channels. And yet in the end arrived at almost the same end result. Perhaps the price itself is an illusion as well, needed only to create the context for volume. Hence is the quote: "Trading can be done without price..." which creates the fury of confusion in the pea-sized brains of thunderdog, maestro and the likes. Is it really the old man's fault that we are so profoundly stupid and incapable of basic reasoning. It may be that ignorance is not a bliss after all.
Your thread is about channeling, and as such, I am pointing out that you arent doing it correctly. I can see why you are having trouble when what you post and what needs to be done to trade correctly arent in sync. If you have another approach to trading, then I am happy for you. But when it comes to your one minute chart you posted, you are miles off from where you need to be. Somehow I dont think you care though