Speaking of noise... This section of the board was so much better when decreasenow was losing paper money trading other asset classes.
When I first open a trade, I use a 50pip regular stop. Once I have 50pips of profit, then I use a 50pip TS. Seems to work for my trading style.
I used to use TS a lot, but I found that you can't really just use a static stop size - it needs to be dynamic and change according to market conditions. It's possible to use an indicator like ATR to set the TS size, but you still have to experiment to determine the proper scaling. Personally, I found that I'm more comfortable with a profit target. I leave money on the table sometimes, but I like to grab my earnings before they disappear and there is always another opportunity around the corner.