Hello. English is not my native language, so sorry if something is hardly to understand or written incorrectly. I started trading about 4-5 monts ago and I've seen Seiden's webinar for the first time about 2 months ago, really liked his understanding of market. When I tried to trade with his strategy, it went really well. The profit was about 100% in two weeks, but then something has gone wrong. In the last week of September (when it was huge down-trending market), I began to lose and since then had NO profitable week. I tried to understand where were my mistakes,but couldn't. I'd be pleasant if someone could answer some questions from me on Seiden's strategy. May be your answers will be pleasant for somebody else.
First of all, is the trend really important for trading with S\D zones? Or it doesn't matter, market will return on the correctly defined S\D zones?
If you've got a stop-loss, you'll take the trade in the opposite side or will be waitng for the next zone to trade the same way?
P.S. Could someone post an order of analysing a probable trade? (ex.: 1.Look for the Daily S\D zones. 2. Swith to 1H and search for smaller S\D zones... )It'll be very good for newbies like me. Thank you very much!