$USDZAR

Been watching $USDZAR for a bit here. It's really hugging that 16.50 level today, right at the top of a fairly tight range it's been in since yesterday. Feels like it's trying to decide if it wants to break out or fade back into the prior range. My inclination is it'll reject off this level, but if we see a sustained push above 16.52, then my short-term thesis is invalidated and we could see it run higher, perhaps towards 16.55.

The $USDZAR pushing up towards the 16.51606 mark, after touching 16.5729 earlier today, is catching my eye. While broader dollar strength plays a role, local South African political news and economic headwinds seem to be adding significant pressure. I'm keeping it on my watchlist, considering potential short-term scalps on further Rand weakness, but the volatility means position sizing would be key; this isn't a long-term hold for me right now given the uncertainties.

Hey everyone, been trying to get a handle on risk management, especially in the EM space. I'm finding that the standard 1% or 2% per trade, which works pretty well for majors like $EURUSD, feels a bit too aggressive when I'm looking at pairs like $USDTRY or $USDZAR. The swings can just be so much wider, so quickly, and my stops get blown out before the idea even has a chance.

Are you adjusting your position sizes much more significantly for these higher-volatility EM forex pairs? Or is there another way to think about stop placement that I'm missing here? Just trying to figure out if I'm overthinking it or if there's a more nuanced approach.