Re: XARD - Simple Trend Following Trading System

10701
edandy wrote: Fri May 06, 2022 5:36 pm Xard. God bless. Thank you All. Please, Why is DASH not always working on my platform. all the versions only shows XAU/USD. Also, how do you use it

XARD: For some reason the dash will not work when using an expert, in this case the tradefx (top right of screen) showing the BUY SELL CLOSE buttons.
If you remove the expert the dash will work, you can select the TFs and Symbols. Then when you wish to make a trade choose the template XU v32 again.
Thanks Boss


Re: XARD - Simple Trend Following Trading System

10702
Guys, Just a heads up...
Not so long ago I was told that Deutsche Bank (The biggest bank in Europe) was in trouble, which I kind of dismissed and put at the back of my mind. Then I heard that Barclays in the UK is in trouble (apparently they have only 150,000 mortgages on their books and no money). I bank with Barclays and I kind of dismissed it too.

Then today I get a letter from Barclays saying that my £2'000 credit card (which I pay off every month) is now going down to £100. Now, for the past three years, the bank account has never been below £30'000 and the credit card which is mainly used for groceries and the pub is paid off each month.

I have always thought that my money was protected below £85'000 and never gave it a second thought but if the banks are unable to finance good creditors then surely that must be a red flag.

As a temporary measure, I am taking my money out and placing it in the local credit union.

I already have shares so no need to add any more.
Anyway, I thought I would mention it as a heads-up to everyone in case they have heard similar stories.

Xard777

Also, two weeks ago I went to my local branch to get my Swift code and IBAN number so I could receive money from overseas. Well, whilst at the bank, I noticed that all the tellers were closed and there was only a couple of bank staff at the entrance in make-shift counters seeing to all the customer's needs. That's when I learned that they were doing away with cash at the shops come the year's end and I remember laughing thinking to myself of the fun and games of trying to have a run on the banks when there is actually no money to give out (albeit that fiat currency is only a small percentage of actual money that people have in their accounts).

I remember the days of going out with the lads to the casino with 500 or a grand cash and I would always stuff a twenty inside my suit pocket for the taxi home.
Now I can't remember the last time I actually used cash.


Found this on the net...

Barclaycard slashing people's credit limits despite them doing nothing wrong
EXCLUSIVE - Customers are seeing credit limits on their cards slashed by thousands of pounds, despite them not doing anything wrong, as banks look to reduce risks as the economy heads south


Barclaycard has slashed the credit limit of some of its customers by thousands and thousands of pounds sparking anger and confusion.

One customer's credit limit was cut by 85% despite her not missing any payments, not applying for new cards and being in the same job on the same money.

She told Mirror Money: "It’s just so strange! Got a text out of the blue yesterday saying: Hi, we’ve dropped your limit from £3,000 to £450.

"I know nothing’s changed, which is why it’s so weird!"

The only explanation she got was in a letter sent to her that read: "We know this might not be ideal, but we've had to lower your credit limit."

It added: "We want to make sure no one's borrowing more than they can comfortably afford, so we keep an eye on your account and check your credit limit. We look at things like whether you've missed any payments or been late, and we check credit reference agencies."

But when she called to ask why hers had been lowered, despite nothing they mentioned changing, she said they just read the letter to her again.

She then asked if her limit could be raised at all, if not to the original amount, only to be told she couldn't appeal for six months.

And this...

Barclaycard unexpectedly cuts credit limits by £1,000s – what to do if you're affected
Barclaycard logo image
Petar Lekarski
Petar Lekarski | Senior News Reporter
Updated 20 April 2021 | Created 16 April 2021
Share this
Barclaycard is to slash many customers' credit card spending limits from the end of May, with one MoneySaver reporting a £16,000 cut even though she says she's never missed a payment and has been a customer for some 15 years. It could leave people without the funds to pay for large, planned expenses.

We've heard from a number of MoneySavers who have received letters telling them their limits are being reduced, despite always sticking to their cards' repayment terms. And we saw dozens of complaints on social media the day before publishing this story on Friday (16 April), as well as a raft of reports in the MSE Forum and on online feedback site Trustpilot.

Barclaycard hasn't officially confirmed how many customers are affected but it's told some on social media that it's over 100,000 people. The lender also hasn't given a specific explanation for why it has taken action now, saying only that it continually monitors and adjusts credit limits to ensure customers "are not borrowing more than they can comfortably afford". If your limit is being cut, you'll be written to by the lender.

A credit limit is the maximum amount a lender is prepared to lend to you on a card. For more info on how credit limits work and what to do if yours has unexpectedly dropped, see our Credit limit too low? guide.

'Barclaycard just cut my limit by 98% – I always cleared the card every month'
We've seen lots of complaints about this in the last couple of days, and had dozens of reports from MoneySavers via email, for example:

I received a letter saying my credit limit was being cut from £17,000 to £250. I have never not made a minimum payment and have had the account for about 15 years. I have, if anything, increased not reduced [my income] in the last year... I tend to use the card for large purchases, such as a new bathroom or major home appliances, so a £250 limit is useless.
I received a letter from Barclaycard out of the blue saying it was going to slash my current limit of £13,000 to £850. I have been with Barclaycard for over 30 years and was planning on using the card to pay for a large purchase later in the year. My circumstances haven't recently changed – I'm working, and have a current account and savings with Barclays.

XARD: One last thing to think about, if Barclays is drastically cutting credit limits by 85% for customers with good credit then it can only mean one thing. Barclays does not have the funds to finance good credit. They are surviving on mortgage interest payments and higher credit payments of bad credit cards that pay 20, 30 plus interest on their cards and ditching good credit card customers that pay zero, 2 or 3% interest on their cards.
That is a major Red flag... Beware
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Re: XARD - Simple Trend Following Trading System

10703
xard777 wrote: Sat May 07, 2022 5:18 am
Then today I get a letter from Barclays saying that my £2'000 credit card (which I pay off every month) is now going down to £100.
I don't get it, your credit card with a £2'000 limit is now going down to a £100 limit? Or are they writing off your £2'000 debt to £100? :think:
XARD: There is no debt, it is auto paid each month.
Important: The worst forex brokers of all time 👎


Re: XARD - Simple Trend Following Trading System

10706
xard777 wrote: Sat May 07, 2022 5:18 am
I remember the days of going out with the lads to the casino with 500 or a grand cash and I would always stuff a twenty inside my suit pocket for the taxi home.
Now I can't remember the last time I actually used cash.
I thought you would be coming out with a full wheelbarrow :D

Is it time to turn your money into GOLD?
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nil desperandum

Re: XARD - Simple Trend Following Trading System

10710
The Barclays letter warns of lowering the card limit on a future date which is 27/07/2020, almost 2 years ago.

A possible explanation could be that Barclays is screening customers with no active income, those that only have passive income and reduces their limits. Another possibility is that the reduction in credit is made on those over a certain age (especially if one would take into consideration the perceived threat of COVID to people over a certain age, as was interpreted during the first semester of 2020).

Anyway, I do hope the interpretation that Barclays is in financial difficulty is the wrong one - the knock on effect would be huge if the bank is indeed in trouble.


xard777 wrote: Sat May 07, 2022 5:18 am Guys, Just a heads up...

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