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Fero :


Have Berg's PDF book which includes this system -- basically it started out as a med/long term method:


1: SP above 180 dma and dma trending up.

2: The exit line trending up.

3: RSI -- 7day

4: Entry: RSI recently < 40 -- SP moves from below to close above Exit Line.

5: Exit  : two consecutive CLOSES  below the exit line.


Apparently his news letter subscribers wanted a S/T method ---- he suggested the initial close above the upper line or maybe two consecutive closes above the upper line ---- Berg is a broker and his selections for this method come from the Firm he works for --- his PDF book is quite expensive for the info in it (stuff u read every where), but has some basic info about this indicator in it. -- if u want further info PM.



Tech/A:


I have no problem with your approach of requesting proof of a method --- it puts the poster in the spot of "put up or shut up  ", which if posting on these forums is how it should be (moderators ??) --- it is the way you go about it,  you tend to bring out the absolute worse in others ---- think it is really time for all of us involved in this to just get over it.


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As a footnote:


I sort of started trading back around 1990 when I came across "Charting made Easy" a Ozz book by M. Armstrong based on Trends --- from then have  basically been a  trend/pattern trader in its various forms --- after seeing Wavepickers work on this site it sparked a interest in EW which as I see it is really only Trends with Fib No.s thrown in.


Was under the presumption that as far Trend/Pattern trading was concerned I basically knew it.


I had cursively looked at the McLaren DVD Mag had suggested, but since last weekend have been delving into it -- based on   Price/Trend/Vol --- have been bringing up the old trading charts of "where the f*ck did that come from" --- well McLaren shows you where it came from --- No Gann in this part of the lessons --- McLaren goes on with "Trend Patterns"  (not traditional patterns )  --  when pointed out, how obvious -- the more we learn the more we find how little we know.


I've also been following up on Dilernia, this guy has nothing but top reviews everywhere -- took the plunge and bought his book (u also need FibonacciTrader)


Have closed all positions to concentrate on these two schools.


Going to be hard to teach an old dog some new tricks.



Best of luck to all.


Cheers


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