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That's good to hear.
I've done a fair bit of thinking and comparing and I think I'll go down the 6J route rather than Nikkei. 6j is liquid enough for me and it's got no gaps at all, yet is volatile enough in Asia to offer opportunities. At the same time, I do not need to go down the spot currency route which I think has all sorts of issues.
It's also hassle free for me as I can use my favorite platform to chart it (TOS) and I inherently understand how it moves.
Can you help answer these questions from other members on NexusFi?
The 6J trades nice for a scalper. I do not know your timeframe, but in the Asian session, the equity indexes influence the 6J ( or maybe the other way around ) for shorter temr traders.
6J leaves you entirely prone to BOJ surprises (as does the Nikkei as well but somewhat less so). Why is a couple hour gap even a problem? A strategy cannot rely on this as a key factor of an edge.
I've been trading USD/JPY for years and never had issues with BOJ surprises. You could say the same thing about Swissy or any other currency for that matter tbh.
A market gapping above/below your stop at the open most certainly can have an impact on your edge. Now that's a surprise that I can control, so I prefer not to deal with it.
Okay well there's 1000s of swing and position traders out there that don't have an issue with this. Close the position and reopen it at open if it's an issue for you - or adapt your timeframe to work with the market you want to trade.
I surely wouldn't let this change my decision on if I trade a good market or not. Like right now I have positions on N225, Hang Seng, and Australia - all held right through the London open.
