Stop loss usage.

First off, I'm a seasoned noob. I can tell the trend; up, down, or sideways. Most of the time, I'm right. The problem is my stop loss. I set my TP greater than SL. Both TP and SL is currently based on ATR. But how can I minimize my SL being tripped when the market consolidates, retraces, etc... then moves in the direction I wanted it to.

So far, what I can think of is to increase both TP and SL, but lower my lot size based on my risk lvl in my MM. But if I increase TP, the chances of it getting hit also decreases with the chances of the SL being hit.

Then again, I can probably move on to a higher TF. I dunno. Ideas?

you need to find what works best for you. One thing you could do is open more than one position in the same direction with different TP areas, so some of your profit gets locked in. Just an idea.

It also depends on what pair you're trading.

For example, a 50 pip SL on GBP/JPY will get hit for sure. You need a larger SL.

But it might be OK on the EUR/USD because it's less volatile.

It also depends on the time frame you're trading. Generally, the longer the time frame, the larger the SL you need.

Terry