We are preparing a paper for an economics journal and co-writer has questioned terminology.
We are saying that it is "familiar to trend-following traders who buy on rises and sell on dips, that such a trend-following strategy will gradually lose money if the price remains within a range". Will most readers (and reviewers of course) understand the concept of a "trend-following" trader, and "trend-following" strategy, and of the idea of a price remaining "within a range"?
There is a subtle point that a price will always trade within a range (if we define 'range' as the values in between the high and low points) and of course a trend-following trader cannot be following a trend if there is no trend.