Quote from bmills313:
I have a love/hate relationship with the ES. When it's trending, it can be traded rather well but when you get caught up in the games that are played at S/R levels it can be downright awful. I tend to find the ES just a bit much for me unless I'm trading a slower chart and it's a nicely trending day.
As for the other indicies, I traded YM for a short time but wasn't a fan. It was pretty slow and didn't seem to have the quality of moves like other contracts. NQ typically doesn't even get a second look; the ES and YM are enough as-is.
My preference, though, are the grains (ZC, ZS, ZW). I love the quality of moves and predictability of S/R and there is ample volume in at least one of them every day to make it far more worthwhile than being part of the games on the ES. With the amount of news constantly released and weather thrown in to help move up/down, it's a no-brainer.
I think what I also like most about it is that they're physical products and the laws of supply/demand are a lot easier to understand/apply. Rain wipes out the crops, you now have lower supply and the same demand, therefore your prices are going up. Higher yield corn crop this year and there's already an overabundance of corn in elevators, price goes down. It's just a lot simpler to trade, for me at least. YMMV...
bmills
