@jtrader This is the core of momentum. Rising prices pull in more buyers, trends persist longer than they โshould,โ and the strategy harvests that.
The occasional violent reversal is the risk premium youโre being paid to carry.
@tradercams If by liquidity you mean equal highs/lows or a DOL, hate to break it to you but they don't work. Orders there is no better than at a random price.
Before you argue, please test it yourself on years of data.