Profiting off Multiple Time Frame Breakout Pacific Biosciences of California, Inc. (PACB)

We’ve traded this one quite a bit lately!

This is a recap of Friday’s trade where I made $3400 with as little as $300 set risk vs. reward. Something which I have been working on is ADDING into winners, I started small at $6.08 as you’ll see below BUT added along the way as the trend set back up in a pattern I am familiar with (ABCD long set up) using the houses money as risk!

As I covered on my DVD (don’t forget to save 50% with promo code FIRST250) I love multiple time frame breakouts — the ideal trade is when the intraday 1 minute chart lines up with a major breakout on the daily chart!

In this case  $5.50s on the daily chart is what we were interested in (draw a line across on the chart if you can’t see it).

We traded it earlier this week live in chat anticipating that $5.50 breakout and from that point forward it became an accumulation weak opens or buy dips if trend holds type of play because the trend is changing and beginning to breakout:

[Jan 15, 2014 9:14:48 AM EST] InvestorsLive PACB stil like that chart

[Jan 15, 2014 9:35:10 AM EST] InvestorsLive PACB started long — small plan on scan

[Jan 15, 2014 11:28:37 AM EST] InvestorsLive PACB chart working — gonna let this one trend slowly — I haven’t added from original entry but gonan give patience

[Jan 15, 2014 2:36:17 PM EST] InvestorsLive PACB !! yes nHODs

[Jan 15, 2014 2:47:05 PM EST] InvestorsLive took gains off PACB

 

Here is the chart before the $5.50 test check out it out on the daily:

 

Next you can check out the chart here after $5.50 broke out and how dips became buys (as you can see by the wick on the red day) As it started to near the $6 (whole number as you know we love whole and half dollar marks) we watched either to anticipate the $6 break and since I missed the perk for $6 … I used the $6 over/under test to judge risk after taking the name long — you can see the alert below but the chart should help you better understand why I trusted the trade

 

 

Here is the intraday chart — can you guys see what pattern is forming on the intraday chart from 10:30 to 11AM ??? Those that got the DVD know! If you haven’t snagged the DVD yet for 50% off make sure you do as the sale is ending soon. This is a NO BRAINER long entry with set risk vs. reward + MTF breakout = $$$

$PACB … beauty of an ABCD-er

— Nathan Michaud (@InvestorsLive) January 17, 2014

 

$PACB $6.50 hits that’s 52 week highs and game on we are in $6.08s about 30 minutes ago selling into any big pops — Nathan Michaud (@InvestorsLive) January 17, 2014

 

Here is Friday’s trade — for those who follow on twitter I gave this alert as well!

 

Check out the logs below:

 

[Jan 17, 2014 10:06:36 AM EST] jaytrader PACB what!! 5.90

[Jan 17, 2014 10:06:52 AM EST] InvestorsLive PACB nice on this .. watch dips for long — good eye

[Jan 17, 2014 10:14:57 AM EST] Muddy PACB 6 cross

[Jan 17, 2014 11:18:29 AM EST] InvestorsLive chased long small PACB using 5.90s as ideal pull spot

[Jan 17, 2014 11:18:41 AM EST] InvestorsLive we talked about chasing and risk on chases etc last webinar

[Jan 17, 2014 11:18:51 AM EST] InvestorsLive if u are not familiar and trying to make 1 trade out of it — don’t trade or follow

[Jan 17, 2014 11:22:07 AM EST] InvestorsLive PACB ! nHODs

[Jan 17, 2014 11:35:58 AM EST] Muddy PACB bit more

[Jan 17, 2014 11:39:51 AM EST] InvestorsLive this PACB if $6.50 breaks its going to squeeze nicely

[Jan 17, 2014 11:39:56 AM EST] InvestorsLive 52 week highs

[Jan 17, 2014 11:40:46 AM EST] InvestorsLive added PACB to my 6.08s

[Jan 17, 2014 11:51:52 AM EST] InvestorsLive PACB is a good stock nto to buy the breakout on

[Jan 17, 2014 11:51:56 AM EST] InvestorsLive but accum dips etc

[Jan 17, 2014 11:52:09 AM EST] InvestorsLive easier to hold w/ our low avg — sell pops trade around core cuz if 6.50 will be nice

[Jan 17, 2014 12:16:00 PM EST] InvestorsLive PACB setting up agian

[Jan 17, 2014 12:31:38 PM EST] actionjackson PACB @ HOD

[Jan 17, 2014 12:55:23 PM EST] stevebaldwin PACB HOd

[Jan 17, 2014 1:21:42 PM EST] InvestorsLive 6.40s up PACB

[Jan 17, 2014 1:35:49 PM EST] InvestorsLive sold 1/2PACB

[Jan 17, 2014 1:35:52 PM EST] InvestorsLive huge trade- congrats

[Jan 17, 2014 1:40:43 PM EST] InvestorsLive sold 3/4s PACB

[Jan 17, 2014 1:41:02 PM EST] InvestorsLive all out will re accum dips — patience ran dry — grats from 6.08