Elliot Wave is involved, but it is the best method I've studied with respect to targets and stops which are critical to being a successful trader. It does take much study and experience. I'm not sure what you mean by 'the model has this much invested'. I am not following anyone on the trade. It simply has a bullish wave structure per elliot wave theory so I am in. The size is intuitive for sure. As long as over 70's. Below 70 starts to make targets like the high $20's likely though there are midterm targets that could come into play. I will cut this position when it reaches the $120's or if it breaks $70. That's how it works. I'm risking $18 for $40. Not amazing risk to reward, but workable.
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I'm obviously gonna have to read that book. It sounds really interesting.
Once you read it, you'll see the structures in the market. But as I believe I said Prechter is a terrible trader. I learned how to use it on the EWT. (not a commercial as I pay to be there)
I think I would like to see if I can get a neural network to recognise and follow it.
Maybe it will be enabled by blockchain? LOL
ETH! Lol