In the interest of full disclosure, I learned this method reading an issue of Photoshop User magazine in an article about doing better landscapes. It's extremely simple, and while I am using Photoshop to demonstrate this the technique is applicable to Elements as well, though with some exceptions that I'll note in the process below.
I went out yesterday to try my hand at some long, daylight exposures for the first time. There are rules for just about every type of photography, and for this type the one thing that I always read is, "Frame your photo, set your focus and get an exposure reading with the ND filter off, then put the filter on, adjust your shutter speed0 Thanks/Like
I've always found that the basic level of B&W conversion available in Lightroom and Photoshop to be adequate at best, simply desaturating the image and leaving you with an image that is a little flat and one-dimensional requiring you to then tweak it to the best of your abilities. (Note: I'm using Photoshop Elements 9 since it should provide a0 Thanks/Like