Saudi oil price is probably more in line with Brent crude oil, which hasn't gone up as much.
Remember the brent/wti crack spread i mentioned here, was around 2000 at the beginning of year? It's now at 300 !!!!
Interesting article. I took 100 pips on a long trade today, was only risking 30 or so. Was really thinking it was going to break much higher after it crossed 9900, but i exited. May still go a lot higher.
Risk 0.5% of your account on any one trade. Stop should be at where u are proven to be wrong, not where you feel like sticking one.
Of course, only applies if you have an edge.