Yes, seriously, one of the biggest frauds. Read the links I posted. After 1996 he has only presented trading records for two years. The performance he claims is based on his own attestation and not verified by anyone. Biggest fraud. Ask @guruleaks1 in Twitter.
It being a weekly chart and 5 period, would be 25ema on a daily, was/is he looking for time decay on options? I think too many traders have rigid definitions on how to use indicators or charting. "EMA(5)" can be seen as S/R,(buy the EMA when EMA is rising or 62% pullback) EMA(5) used as charting pattern like Dec 2015 completing H&S on indicator itself whereas price does not define same-so divergence occurs in a different way. Megaphone pattern(breakout entries often lose) on price ending in June 2016, yet on EMA showing higher H/L. "Freebars" price bars not touching EMA is clear indication in few bars can expect reversal or pullback. The angle of the EMA compared to the angles of price bars can be similar to a spread or an additional indicator to show volatility. I rather use Bollinger's and price reversal patterns for reversion to the mean. "ATR" works well or simply 4 of 6 outside/below recent price action to show "ATR". When EMA cutting through bars then buy low/sell high but go with trend of one bar ago. So like if one bar ago EMA sloping down, take todays low and past 1-3 day's highest high and sell at 62% retracement. When bunching of lows/highs/closes, can expect possible reversals. Instead of using someone's rules of entry, just easier to develop one's own. More often this is done, one better understands what works and what does not. As one develops more skills, you can develop a dozen different kinds of signals. Test and keep the best and shelve the rest.
Great story actually.....The one big trade did it for him. BTW: I love the reference to BMW's being junk. They WERE back in the mid-late 70's. I had two of them !!