Why authoring new highs multiple times per day is a different category

Authoring new highs multiple times a day, you’re not “getting lucky.” You’re repeatedly forcing the same structural outcome in the most contested area of the session.

I am challenging the strongest, most recent ceiling the market has built.

A normal new high can be a tick-through.

A thermal high is a new high that reprices the session.

It’s a state-change h…