The trend is your friend until the bend... This is why trend following strategies such as this one work so well: http://www.forextrading-pips.com/2011/08/08/forex-trading-gold-goes-ballistic/
People are always trying to be so smart pronouncing tops and bottoms in the market, why not just go...
It's always interesting the TF versus mean reversion argument... but why not both? Mean reversion works most of the time, gets slammed some of the time, trend following works some of the time and occasionally produces outsized returns. Trend following normally performs well when mean reversion...