Disliked{quote} Second Guess: MOFU: Middle of the Funnel BOFU: Bottom of the Funnel Thinking out louderIgnored
Mofu means mother fucker. More specifically it is a zone around a mid that price tends to reverse. Some reversals if caught right can give a trade with a one pip stop ( supposing your broker spread doesn't screw you). That in turn allows almost a full leverage trade whole still risking very very little. There is a pattern in which mofus (and other fibs) are respected....some are often referred to as norm. These patterns when hit allow for a trade that is about a 80% success rate, and even better- give you an exact price at when the trade goes bad. Mofu zones more often than not have to be crossed in a single candle, once crossed they act as 80% trades. Much like the ABCD harmonic.
I won't tell you the exact zone numbers, as what I've just explained took a crap ton of reading to figure out.....reading that those of you that want to know haven't bothered to do....something to think about
If you do the homework, not only will you find the exact fib numbers the mofu zone occurs in, but you'll find the pattern and norm as well. Good luck Time for another beer, some tacos, and awesome local reggae music!
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