I have always accepted the idea that on an an exchange, stops are not seen by anybody, FX is different of course. But I noticed over the years especially those past two years, that in any market , any stop serving the purpose of limiting my losses is likely to be triggered. And despite using one of the better FX brokers, if I place a stop, it's virtually guaranteed it will be triggered, even if it's 100 pips away. I also allow for a 20-30 pip margin past the key level that I think proves me wrong. Still it will most of the time be triggered by a spike . I have used stops only overnight, but now I no longer use them because it's guaranteed I have a loss in the morning. Placing a stop is akin to asking for a loss. I am starting to believe in conspiracy theories.