Why Does Authorship Set the Higher High First (No Drawdown)?
If you set the higher high consistently, you can trade almost anything — because you can trade the moment of regime creation.
In practice, the first higher high is usually the most dangerous moment of the day (with no drawdown).
Not because the market can’t go higher — but because the first higher high is where the market decides whether it’s allowed to go higher.
That decision is made in seconds.
And it’s made through you.
A second higher high (HH2) is easy to explain:
Price already broke above the prior high
The market already showed acceptance
The pullback created structure
Buyers have proof
HH2 is a continuation trade.
HH1 is not.
HH1 is a permission trade — a break that has to earn acceptance, not assume it.