I use candles in my trading as well. i tried the fixed stop, the atr stop, etc. I constantly found that if i was getting stopped out too quick, and then proceed to watch it move in my favor. If you want to use candles, I would highly recommend placing the stop at the high plus one or 2 ticks ( if going long, opposite for shorts). I don't know your exit procedure,but yes, some trades will have wide stops and then you have to decide if you want to risk that much. I have max that I'm willing to lose and that means some trades I must pass on. I would suggest, if you haven't already, pick up one or 2 of
Steve Nison's books. He talks about all the patterns and stops. Though he doesn't go into how to take profits, as candles dont give profit targets.