for people without bookmap they see a gigantic volume candle that starts green then turns red then a sell off, ive seen it too many times with absorption
Those false breakouts!!!!! What could have been if I had only consider that prior to entry? @Carmine, you are spot on! I appreciate the time you take to share/teach. Another gem that sends me back to the lab.
@@carmine_rosatonothing is hundred percent in trading. One confirmation don't happen, others will materialize and those will be juicy as you can stack up the number of contracts.
love this! I've been seeing your bookmap on videos all over but it's great to see a proper breakdown of exactly how to add it into a strategy as a major confluence to follow through on a trade
As always, great content .Thanks Carmine, I had learned so much since I found you . I had learn tons , really I waste me time trying to learn from others guys before , but never is late to overcome obstacles
Hella good video Carmine ! Concise , informative and perfectly articulated! I love how I see your preference to enter on the retrace as well, I.e) once you spot a possible passive buyer you wait for the area to reject again confirming the passive seller. I saved this video to my library. GOAT !
Great video Carmine. Do you do a filter to show a minimum size on the time and sales? Watching every single print on the t&s is ridiculous. Especially on liquid stocks. Thanks.
i really appreciate this analysis. this is exactly what the market does, time and again. now, at least there's someone who knows how to counter-act this type of nonsense - it's a rigged game.
@@carmine_rosato Hello there, I have been testing the Boookmap ES free trial that TOS offers in the platform, I do also trade SPY, but sometimes I see it not so identical, can this be an issue of some kind of delay considering it a free version ??? what do you suggest ?? as always great videos, I would like some day to be in the arena learning from you !!
For those of us who don’t have access to order flow would you recommend using a volume bar chart with a moving average attached to confirm any abnormally large moves?
I’m curious Carmine, Looks like you’re using support and resistance, not supply & demand when you speak of order flow. How a retail trader marks out areas of supply & demand is integral to how we can identify areas where large financial institutions are buying and selling. I’m sorry, I don’t see too much indication of order flow in your video. Please show where you think I’m mistaken.
Freakin Champion right here! Didn’t make to his program, but he’s one of the ones that actually makes sense and doesn’t seem to be gambling. I’ll continue until i’m consistently green!
Just want to sincerely say thank you. I've been using your tips and watching your videos and it has indeed modified my way of trading for the best. I'm up 11% more on my trades with an increasing pnl.
How do you know the volume is high enough for you to confirm a move…what’s the number of shares that would need to transact to be considered a lot of volume
@@carmine_rosato cool…I trade SPX mostly….so i always look at /ES volume…..just trying to gauge a number that would be considered high volume….love your content….i watched at least 5 of your videos today…..do you do live trading during the week?
I don't understand how to identify a trend turn.... avoiding the crowd/the obvious, but technically how do you identify that,...with high volume where the buy/sell ratio indicates where the price is most likely to go or what ratio to look for/identify?
Well looking at a chart for trends is valid. See when the trend (HH/LL or LH/HL) breaks and see if that trend continues to hold after. Or intraday can look for heavy volume with no follow through in that direction usually indicates prices are "unfair" and a reversal is likely
When something is obvious & everyone is going to do it, the reliability increases in my opinion. Much like driving rules. They work only because everyone abides by them. But the edge lies in the flawless execution of a pattern etc. Just my humble opinion.
This depends on is it near supply or demand zone too. Also depends on if there’s an aggressive seller/buyer stalking and buying/selling into the liquidity they know patterns or other self fulfilling prophesy setups generate. Key is watch for absorption. What should happen verses what is. How good of job is it doing.. Carmine did a great job illustrating this all. I agree though, some things work because the masses all buy or sell at known areas so they work. Till they get bagged by strong money in the ambush. Most people don’t understand where they’re at on a chart discount or premium so they’re fighting strong money and acting like weak
I try stick to triple digit earnings growing multiple quarters in a row. Off flat bases. That have never run before. Sell if they don't run. Sell when they peak.
Heat map is lagging just like most indicator. A big seller doesn't necessarily mean a break out won't occur; it can mean there won't be a quick breakout. Everyone doing the same thing should lead to a greater chance of its success. If it doesn't, then other factors are present. The success of trading is based on odds. There is no holy grail to guarantee it.
A limit order seller that’s placed their order above the market waiting for aggressive market buy orders to chew through their sell wall before price will move any higher. Passive buyers the same thing just in reverse.
Every analysis which I talk about on here or every trade I take is provided in REAL TIME. I live trade and post every single trade i take. There is no hindsight
What's your solution for consolidation days? Everyone can be succesful when price is trending. Real trader is the one who can trade consolidations and still be profitable.
Why do online influencers feel they have to tell people how to trade? When every strategy must be peculiar to a person... Bruh's condemning a strategy he clearly doesn't understand... Not everybody is gonna trade like you want..
@@carmine_rosato I think you said in the video that you can find trapped buyers though that’s what I’m talking about and same thing for trap sellers. Maybe I worded it wrong
but one thing how can you confirm the downside or upside from foot print chart, looking at imbalance numbers , its good but my questions is , if you see large huge number sell , the candle candle you see going up and up , so there is so much to learn , you cant just explain it all in short videos, i watched order flows videos by mike valtos, i cant still determine how such orders number will set the direction to down or up, example es , so volatile. people scalp out a lot .
Thanks Carmine! I’ve always wondered why they were big buy orders and price would drop. That explains a lot, love u.
For the market to go down not only does ppl have to sell but there also has to be buyers buying
Remember buyer and seller for every transaction in the market !
for people without bookmap they see a gigantic volume candle that starts green then turns red then a sell off, ive seen it too many times with absorption
@@dalekim volume candle color = candle color. you can't see anything out of a normal volume candle, only volume
I'm learning Futures and will trade on the Quant Side. Numbers and not patterns. Numerical sequencing will be my way to learn this stuff.
My three favorite channels: Carmine Rosato, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
How profitable are you in each week?
Umar ashraf and iman trading are also great traders
Umar ? He is a clown course seller millionaire 😂😂😂😂@@wiktordomanowski
Why do I get the feeling “stock brotha” is a black guy?
thanx, just subbed. Where can I get the heatmap, volume, order flow real time feed ?
Look it up.
Carmine well noted and will add order flow to my arsenal. Thx
Those false breakouts!!!!! What could have been if I had only consider that prior to entry? @Carmine, you are spot on! I appreciate the time you take to share/teach. Another gem that sends me back to the lab.
Let’s go !!
What's that heatmap from? And what do you primarily use to confirm volume? I'm new to your channel and love your stuff!
Nice video to simply describe divergence in the market and how to successfully trade a reversal with order flow software!
Exactly
That is why you wait for a pullback/consolidation right after it breaks
Right? Patience is a must in trading.
Ideally , but sometimes a pullback never comes!
Don’t you see that candle chart pulled back once and fake break out?
@@carmine_rosatonothing is hundred percent in trading. One confirmation don't happen, others will materialize and those will be juicy as you can stack up the number of contracts.
love this! I've been seeing your bookmap on videos all over but it's great to see a proper breakdown of exactly how to add it into a strategy as a major confluence to follow through on a trade
When you're scalping do you prefer using the heatmap to view delta over the DOM? or both?
Really same info !
What does Dom stand for. Thanks
As always, great content .Thanks Carmine, I had learned so much since I found you .
I had learn tons , really I waste me time trying to learn from others guys before , but never is late to overcome obstacles
You give an advice; but where can we get a chart like this? Can we use it in forex?
Which order flow are you using?? And where to get it?
Hella good video Carmine ! Concise , informative and perfectly articulated! I love how I see your preference to enter on the retrace as well, I.e) once you spot a possible passive buyer you wait for the area to reject again confirming the passive seller. I saved this video to my library. GOAT !
I appreciate that!
Awesome Carmine! Bookmap has changed the way i see the auction entirely.
Excellent! Very key!
What’s the order flow indicator called the one with the bubbles
Is this level 2? I'm very interested in learning this but don't know where to get this information of buying and selling.
Great video Carmine. Do you do a filter to show a minimum size on the time and sales? Watching every single print on the t&s is ridiculous. Especially on liquid stocks. Thanks.
I’d use 40/75 on ES. Filter one for size and one no size to gauge the speed of the tape
@@carmine_rosatowhat platform/DOM/T&S are you currently using? I’m tossing up Sierra, Medved trader, and Jigsaw
Thank You 🙏 for the step by step valuable information and the psychology behind it.👌
Very clear and concise video! Well done
Thank you sir !
Great video. Great valuable information . Thank you ❤
Glad it was helpful!
How much does the bookmap cost?
This helped a lot. Thank you
Glad it helped
What is a time and sales?
i really appreciate this analysis. this is exactly what the market does, time and again. now, at least there's someone who knows how to counter-act this type of nonsense - it's a rigged game.
Does book map and order flow support SPY as well? I’m looking forward to purchase it but gotta ask first. Thanks big G
I recommend doing all analysis on ES charts even if you trade SPY SPX. The charts are identical
@@carmine_rosato Hello there, I have been testing the Boookmap ES free trial that TOS offers in the platform, I do also trade SPY, but sometimes I see it not so identical, can this be an issue of some kind of delay considering it a free version ??? what do you suggest ?? as always great videos, I would like some day to be in the arena learning from you !!
@@carmine_rosatothx! i have bookmap and trade spy and always flip flopped between ES and spy
For those of us who don’t have access to order flow would you recommend using a volume bar chart with a moving average attached to confirm any abnormally large moves?
Volume by price is more important than volume by TIME. So a tool like a time and sales or level 2 will work better in my preference
I’m curious Carmine,
Looks like you’re using support and resistance, not supply & demand when you speak of order flow. How a retail trader marks out areas of supply & demand is integral to how we can identify areas where large financial institutions are buying and selling. I’m sorry, I don’t see too much indication of order flow in your video. Please show where you think I’m mistaken.
Very informative. Appreciate ya my guy!
How do I learn to use this strategy?
Is the time and sales chart you're using from book map as well?
If using a heat map or DOM, i don’t see a real need for a time and sales but yes BM
How do i get my chart settings on book map to candlesticks
Thanks Carmine, awesome video!
Freakin Champion right here! Didn’t make to his program, but he’s one of the ones that actually makes sense and doesn’t seem to be gambling. I’ll continue until i’m consistently green!
Awesome video, thank you!
Super helpful video. Thank you, good stuff.
Glad it was helpful!
Great and insightful video, as always. Are you mainly trading futures these days?
yes , mainly SP500 and NASDAQ
Just want to sincerely say thank you. I've been using your tips and watching your videos and it has indeed modified my way of trading for the best. I'm up 11% more on my trades with an increasing pnl.
When will the course be open for enrollment again?
End of this month / start of June
@@carmine_rosato Thank you for the response!
Steve Mauro had this on one of his last video ty for showing me how useful this and how to use it
Could any updates be provided on the wait list next course status?
Will be opening up hopefully before June starts. I am keeping the community small and tight knit
Carmine can you send me the link for the book map and I
Order flow please.. thanks much
How you can get this heatmap ive Seen this often but nobody goes deeper into this.
How do you know the volume is high enough for you to confirm a move…what’s the number of shares that would need to transact to be considered a lot of volume
I mainly use it for context. I don’t look for a specific #. Something out of the ordinary which looks artificial
@@carmine_rosato cool…I trade SPX mostly….so i always look at /ES volume…..just trying to gauge a number that would be considered high volume….love your content….i watched at least 5 of your videos today…..do you do live trading during the week?
Excellent information
Glad it was helpful!
Hey how can you tell if there are passive or aggressive, sellers or buyers?
Passive = limit.
Aggressive = market
Both to a completed transaction
Why do we see large sell orders on the time and sales but large buying on Bookmap?
Where do we get this heat map order flow thingy?
I use bookmap
@@carmine_rosato Ok thanks, I did, but my pc is too slow.
I don't understand how to identify a trend turn.... avoiding the crowd/the obvious, but technically how do you identify that,...with high volume where the buy/sell ratio indicates where the price is most likely to go or what ratio to look for/identify?
Well looking at a chart for trends is valid. See when the trend (HH/LL or LH/HL) breaks and see if that trend continues to hold after. Or intraday can look for heavy volume with no follow through in that direction usually indicates prices are "unfair" and a reversal is likely
Like. Very important tutorial.
When something is obvious & everyone is going to do it, the reliability increases in my opinion.
Much like driving rules. They work only because everyone abides by them.
But the edge lies in the flawless execution of a pattern etc.
Just my humble opinion.
Valid opinion !
This depends on is it near supply or demand zone too. Also depends on if there’s an aggressive seller/buyer stalking and buying/selling into the liquidity they know patterns or other self fulfilling prophesy setups generate. Key is watch for absorption. What should happen verses what is. How good of job is it doing.. Carmine did a great job illustrating this all.
I agree though, some things work because the masses all buy or sell at known areas so they work. Till they get bagged by strong money in the ambush. Most people don’t understand where they’re at on a chart discount or premium so they’re fighting strong money and acting like weak
could i know the name of the broker . amazing video
Just use a volume profile fixed range. Problem solved
Insane! Love this!
Great video!! 🔥🔥🔥💯
Thank you Terry !
Where to get that chart with the the pending orders
This guy Carmine is a sharp sharp dude very good actually the best
Where to get those heat maps
Thanks for your videos
Thanks!!
You bet!
Thanks!
Welcome!
This guy is good.
I try stick to triple digit earnings growing multiple quarters in a row. Off flat bases. That have never run before. Sell if they don't run. Sell when they peak.
Where is the strategy
Why use extra Bubble indicator to make it complicated? Experience and Psychology .
What makes it complicated? Everything is very simple
Thank you 🙏
You’re welcome 😊
Thanks bro like always a great job
Thanks again!
Appreciate this 🤝🏾
Heat map is lagging just like most indicator. A big seller doesn't necessarily mean a break out won't occur; it can mean there won't be a quick breakout.
Everyone doing the same thing should lead to a greater chance of its success. If it doesn't, then other factors are present.
The success of trading is based on odds. There is no holy grail to guarantee it.
Thank you. I miss your vids.
Great video
THANK YOU
What is a passive seller?
A limit order seller that’s placed their order above the market waiting for aggressive market buy orders to chew through their sell wall before price will move any higher. Passive buyers the same thing just in reverse.
@@907Blademan clear and concise. Appreciate you!
Seller vs "Passive Seller"?
I use patterns WITH orderflow, SnD zones, and VPA
There you go !
@@carmine_rosato you told me best a long time ago. Once you find your edge NEVER CHANGE IT
good video!
How does one get the heat map tool?
It's BookMap. Or Sierra Chart has it too.
@@wulfW Thank you. Have never heard of Sierra chart before or even bookmap. Could you educate me?
@@darrediya5179 Have you heard of Google?
I can trade randomly with 1:3 RR and be profitable without using what you said
The Yes & Pee 500, the best bistro in town...
I agree chart patterns have always lost me money
Fire..!!
This is why you always have stop-loss plan before you enter a trade. 🙂
Add how to make it to the course!!!!
?
All hindsight
I have no respect for someone who claims to be a trading guru that never trades live
Show us your skills live
Every analysis which I talk about on here or every trade I take is provided in REAL TIME. I live trade and post every single trade i take. There is no hindsight
What's your solution for consolidation days? Everyone can be succesful when price is trending. Real trader is the one who can trade consolidations and still be profitable.
Sonds like your 85 grandmother knows more about trading than me. Lol
hahaha
Best 🔥
we want free orderflow 😢 for practice
A time and sales and level 2 is free on must platforms!
@@carmine_rosato rly !!!! TY BRO , i search u know any free platform free ?
Those bubbles made me billions!
Why do online influencers feel they have to tell people how to trade? When every strategy must be peculiar to a person...
Bruh's condemning a strategy he clearly doesn't understand...
Not everybody is gonna trade like you want..
Chart pattern will tell you the volume
y
👏🏾👏🏾👏🏾
Cool
cause most bereakouts fail
Exactly sometimes it’s good to bet against the big orders
Never go against the flow. Always with it
@@carmine_rosato I think you said in the video that you can find trapped buyers though that’s what I’m talking about and same thing for trap sellers. Maybe I worded it wrong
Correct if you see a lot of buying volume but price isn’t moving up, it’s a good indication market may fail and reverse
❤❤❤❤
but one thing how can you confirm the downside or upside from foot print chart, looking at imbalance numbers , its good but my questions is , if you see large huge number sell , the candle candle you see going up and up , so there is so much to learn , you cant just explain it all in short videos, i watched order flows videos by mike valtos, i cant still determine how such orders number will set the direction to down or up, example es , so volatile. people scalp out a lot .
I just use price action, time of day patterns, and trend of the market. I only trade $SPY
Great... now I'm screwed lol