How to handle stop loss on volatility market?

[oem7110]

Referring to following image, it is a very good example to show volatility market.
It is very difficult on how to set stop loss under this situation.
Does anyone have any suggestions on how to handle this situation better for setting stop loss levels?
Thanks in advance for any suggestions

[ptan54]

You have Avg True Range at the bottom of the charge; in a volatile market the Avg True Range increases so your stop would be larger....a lot of TF systems use Avg True Range to set initial and trailing stops.