Hi NoDoji.... a quick question if I may. With point 2 in the 1st Excercise, you state that you enter the trade when the second pullback bar doesn't drop below the first pullback in the falling market. In this case though, it appears that you are not being swept into the trade as you now have two bars with higher lows. I just want to make sure I understand you correctly. Is the idea that because you are in a trending bear and you are at more than 10 ticks away from the 20EMA, those two consecutive bars with a higher low just mean that the price is that much more sure to drop? Or put another way, the chances that the third bar has yet another higher low are slim because this third bar is now more likely to be the bar with a lower low that resumes the down trend? I hope my explanation of my question is clear enough with words but if I need to post a picture please let me know!