I watched Austin P's video from last night in which he discusses the Mini Russel (Symbol: TF), and how it trends much better and is essentially an easier instrument to trade compared to the Emini S&P500 (ES). I do see his point; trading the ES is pretty brutal and one can easily get stopped out of good trades due to noise alone. So I spent some time today trading the TF on Sim, and I'm pretty pleased with the results. Only 1 trade was stopped out for a 1 point loss (TF is $10 per tick, 10 ticks per point - $100), which was more than made up with several 1-4 pt winners. A lot of people don't trade the TF due to the lack of liquidity, but that's not really a problem for me since I'm trading 1-2 contracts. Volume is slowly picking up in the Russel as well, and it's now averaging over 100,000 contracts per day. I'm going to sim trade for a couple of more days and then try it out on real $ with 1 contract.
ES Market Balance (5-min Continuous Contract)
ES Market Balance (5-min Day Session Only)
TF Market Balance (5-min Day Session Only)