ChuChu Rocket wrote: ↑

Mon May 09, 2022 5:15 pm

Who?

xard777 wrote: ↑

Mon May 09, 2022 6:03 pm

It must be said, I really really like forex-station. It's like finding a huge treasure chest, every time you take out goodies you find there is bigger better stuff below.
Huge thanks to mrtools, kvak, and others for continually topping it up with tons of new goodies.

At times I feel like a kid that's been handed the golden ticket to the chocolate factory, it's amazing and I am never disappointed with what I find.
Being able to test and tweak stuff just makes trading that much more fun.
just loving it.
Xard777

xard777 wrote: ↑

Mon May 09, 2022 8:37 pm

I really like my new toys, going for lunch...
Xard777

xard777 wrote: ↑

Sat May 07, 2022 5:18 am

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

xard777 wrote: ↑

Mon May 02, 2022 5:05 pm

Latest Update XU v32

The number one rule in the Market is when Price is Above the 200SMA to consider BUYING opportunities only and when Price is Below the 200SMA to consider SELLING opportunities only. This is the Industry Standard, so it makes sense to work off it and show it on the setup.
In the latest update, I decided to set the T2MA to 200SMA (Industry Standard).

As for the T1MA setting, I changed the T1MA to 42EMA as in “Life, the Universe, and Everything” which is forty-two (Hitchhikers Guide to the Galaxy). Works a charm.
So T2MA = 200SMA and T1MA = 42EMA.

Anyway, I tried it and the small Semafor tends to bounce off it just nice. Plus when you are trading you have the added knowledge when Price is Above/Below the 200SMA. How cool is that?

Regarding the RSi, I have added a simple RSI-coloured text (top-right of sub-window) showing when the RSI is above (Blue) trending UP, below (Red) trending down, and (Grey) in between.

I have dropped the ZZ1 Orange line in this setup as I feel it is not needed and is just overkill. We still have the Square Semafor in play.

This is my final setup which I have refined over the years to its original Simple Trend Following System to use when intra-day trading the markets.

May it be your roadmap and help you with your Directional trading and make you a boatload of Pip$ along the way.

There is no better feeling than being your own boss booking 50%, 60%, 70%, and 80% on a daily basis.
With Pip$ comes freedom and a whole lot more...
Enjoy!
Xard777

FourXXXX wrote: ↑

Tue May 10, 2022 9:29 pm

I have made a few tweaks to the tma_centered_bandsXXXX indicator to reduce the colour changes as the trend changes.

The original version is here. viewtopic.php?p=1295474780#p1295474780

Also I added a take profit alert which is triggered when ever price crosses outside the band. The screenshot below shows where alerts occured at the yellow circles.

The way I use it is if the slope is showing little trend I take profit as soon as the price touches the edge of the band. If there is a strong trend look at taking price at one of the ADR levels 38.25% or 61.85% etc. When price is outside the band and retraces I always get out before it re-enters the band. Usually if the trend continues there will be opportunities to enter at a better price after the next dot inside the ribbon.