Trend following vs. trend turn forecasting trading systems

Trading major trend turning points is definitely a far more effective and lucrative system than trend following. You can capture and profit from the entire move from top to bottom and from bottom to top again and again. You also can enter trades with much better risk profile, as there is a higher possibility of a correction within a trend, than a further significant move into the original direction at inflexion points, when the markets are significantly overextended.