Trendy contract..

F

frostengine

What index future contracts have good trends on small timeframes such as < 5 min

ER2 had good trends but due to the move I wont be trading that contract.

I have been looking at ES a lot, but it seems more suited for some sort of counter trend strategy. Most of the moves are short lived and bounce back and forth a lot. When it does make a "trending" move it normally makes most of the move very quickly instead of steady. I guess what i'm looking for is which of the Index future contracts make the best prolonged grinding trends with the least pullback.
 
ES often "pops and chops." Many of the players may take a position and hope for a big buyer/seller to come along and make their position good. It may be more of a breakout play contract, possibly trending after the breakout. What about NQ, bond and currency futures?
 
Quote from frostengine:

What index future contracts have good trends on small timeframes such as < 5 min

ER2 had good trends but due to the move I wont be trading that contract.

I have been looking at ES a lot, but it seems more suited for some sort of counter trend strategy. Most of the moves are short lived and bounce back and forth a lot. When it does make a "trending" move it normally makes most of the move very quickly instead of steady. I guess what i'm looking for is which of the Index future contracts make the best prolonged grinding trends with the least pullback.
More...
it seems as if NQ has it...ES seems to be more volatile...
 
This list is from another member and more than two years old. Even though it contains markets other than equity indexes and considers a time frame longer than your asking about it will give you some idea of trendiness. You might note that most of the popular indexes are at or near the bottom of the list.

Trendiness Report starting Jan. 1996 ending Dec. 2005
at least 10 days in the trend

1. Mini Value Line
2. Nikkei Index
3. 90 Day T-Bill
4. Short Sterling
5. Japanese Yen
6. Palladium
7. Fed Funds
8. Australian Dollar
9. Goldman Sachs C.I.
10. Soybean Meal
11. British Pound
12. Platinum
13. CRB Futures
14. Euro
15. Pork Bellies
16. Swiss Franc
17. Dollar Index
18. Corn
19. Lumber
20. Eurodollars
21. Gold
22. NYSE Comp.
23. KC Wheat
24. Mexican Peso
25. Soybeans
26. Natural Gas
27. Cocoa
28. Feeder Cattle
29. Oats
30. Canadian Dollar
31. Orange Juice
32. Muni Bonds
33. Minn Wheat
34. Heating Oil #2
35. Copper
36. S&P 400 Midcap
37. Live Hogs
38. Rough Rice
39. T-notes
40. Unleaded Gas
41. Crude Oil
42. Russell 2000
43. Live Cattle
44. Soybean Oil
45. Cotton #2
46. Sugar #11
47. Silver
48. Wheat
49. Dax Index
50. Emini Nasdaq
51. T-bonds
52. S&P 500
53. German Bund
54. Coffee
55. Nasdaq 100
56. 5 YR T-Notes
57. Long Gilt Bond
58. FTSE 100 Index
59. Dow Jones Index
60. 10 YR T-Notes
61. Emini S&P 500
 
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