guru,
If that the case I would really appreciate if you can you complete this in blue? see 2nd quote
Sorry, but I actually understood more from the description of the strategy you posted than from your questions. Or actually I didn't see too many questions but statements on your part, so I'm not sure if there is an actual list of questions, or I just didn't understand them, or didn't dig deep enough. That's why I assumed that you may not understand some theoretical issues that could be answered differently based on opinion rather than facts.
Though one somewhat clear question I noticed was on "????? I am lost here". I understood that paragraph as changing the direction of the bet (from short to long or vice-versa) while doubling down (increasing the bet) to make up for the previous loss and basically betting more on the new reversed trend/direction.