10:22 What you want to see too breakout levels 13:19 Carmine discuses importance of volume with T&S For reversals at zones 14:30 Timing buying entries by using T&S and volume to see if buyers are participating first. Explains what you want to see you as “follow through” to breakout levels 16:16 Shows what a true breakout looks like 17:20 Using t&s and L2 to see resistance become support 18:04 Explains T&S L2 is used for scalping at key levels, not for swings or anything else Thanks for the insight I was having trouble harmonizing level 2 and t&s
Horrible video... The explanation was good, but you have 80% of the screen dedicated to the chart when the video is about TIME AND SALES to make matter worse the chart isn't even zoomed in enough to see the prices.. Resize the TIME AND SALES so we can see them and dumb the useless pre-market chart!
Thanks man the course and the Discord room... and these videos. I am learning so much. I couldn't ask for better mentors than you and Dylan. Can't wait for market open on Monday.
And WKHS is now trading at 0.16. That is 16 cents. Wow how many bag holders are still out there? Looks like everyone should have shorted at $40. lol. Good video
Great video. Still would like more in depth on T&S and Level II. In video here, there was the seller on the ASK with 135 x 100 sell orders that seemed to get absorbwed too quickly when you let the chart run. I'd bet that this "seller" pulled a lot of his orders or all of them at the last minute. So hard to tell from Level II which orders are spoofs ( I usually look for extreme sizes relative to the other side and what price actually does when it hits that level. When I do use T &S and Lev II it seems to confuse me or make me jittery when I am in a trade more than anything else. TOS Level II and T&S kinda sucks compared to other platforms (from what I have heard) with the color scheme and display making it real hard to tell what is going on. . . . . Other than maybe just a quick glance at price trend or seeing if there is a wall out there that might be developing, i'd just rather focus on using your volume indicator and watching the chart and using Active trader/ Option chart for executing orders and adjusting stops and limits. Would like to see another video on how you use Lev II and T&S in your everyday trading , AND your thoughts on its limits and how to stop it from becoming too much of a distraction. . .
Great job again with another great educational video. Can you explain how you get your volume bars to reflect buyers and sellers in real time? Thanks in advance
Thanks Carmine! i had this question on for level 2 prints : when stock is weak, green transaction on prints should be considered long or short bias ? usually its a indication of bullish signal when stock is on uptrend but i think i think its bearish signal in a weak market ?
Stupid question, but can't find the answer anywhere: how do you customize the volume bar on the chart like that with the red and green overlapping indicators? I've been messing with appearance settings and can't figure it out
Carmine you are the only who clearly explained quantity correctly in time and sales and level 2. T&S = actual number traded; Level 2 = Nx100 waiting to be traded. I googled up, many sites came but they did not specify this correctly.
I understand the wall now on the ask: 199,200, then 205. But why are the number different on the bid and how do they the buyers cause the price to go up. The ask seems to be moving the number when the wall comes down.
Hi Carmine. Thank you for such excellent materials you put on your channel. One quick question: Can I see the limit orders traders or institutions put on a Stock or ETF for next week or next month? Can I also use the tools like Level II and " time & sales " for swing trading as well?
I appreciated your wall metaphor. When the price stalls at $900, as indicated on the T&S, and the aggressive buyers are being 'absorbed', I like to imagine the 'wall' broken down (the stack of sellers is cleared) but then a hole emerges (= hidden sellers), into which the buyers are falling - to explain why the buyers can't progress further. Maybe I've taken the metaphor too far!
Thank you for your time you put into this video of Understanding the Level 2. This is definitely the best Explanation / demonstration on how to understand the Level 2. Excellent Work.
On TOS green means that the transaction took place at the ask, whereas red means the transaction took place on the bid. Buyers buy the ask to push up the price and sellers sell to the bid to push it down. Supply vs demand.
on TOS, they do not highlight green (ask) and red (bid) transactions like other platforms do. Instead, the colors represent if the ticket is high/lower than the previous
@@carmine_rosato It would seem we're still seeing the unbalanced part of the aggression to either side just missing the flurry that's taking out one side leading into said break, so that sucks
Thanks Carmine - appreciate you taking the time to explain T/S and LII. Your explanation is by far the best one I've seen. Examples were great, and I had to hit the "back" button a few times to really start to understand the concepts, but you explain where to watch it (key levels), and that T/S are market orders, and LII are limit orders. Well done, and simple to understand.
Great video bro I have one question does anyone know what the color green and color red fill orders mean on the Time and Sales Book can anyone clarify this for me I would really appreciate it thanks and amazing video bro I learned a lot
Excellent!!! I had to watch it a couple of times. Really good info. Stating to Watch the time and sales at key area to verify move dialed it in for me.
Hey, great video much more informative than other videos on youtube! Do you by chance share the code script for your volume indicator in TOS? Thanks again!
Is there a way to compress the level two area so that for example the exchange, bid, and bid size are closer to each other? Mine shows up at the bottom but i dont like everything so far apart.
I remember in one of his videos he said he just put the news next to it so it condenses it. Check any of his live trading vids. He said that he didn't like it so far apart either and that it was annoying to look back and forth
Anybody current here? seems like all the posts are from along time ago.
Yeah. Learning tape reading too.
Where can I get the tape please reply guys
I’m still alive
10:22 What you want to see too breakout levels
13:19 Carmine discuses importance of volume with T&S For reversals at zones
14:30 Timing buying entries by using T&S and volume to see if buyers are participating first. Explains what you want to see you as “follow through” to breakout levels
16:16 Shows what a true breakout looks like
17:20 Using t&s and L2 to see resistance become support
18:04 Explains T&S L2 is used for scalping at key levels, not for swings or anything else
Thanks for the insight I was having trouble harmonizing level 2 and t&s
Horrible video... The explanation was good, but you have 80% of the screen dedicated to the chart when the video is about TIME AND SALES to make matter worse the chart isn't even zoomed in enough to see the prices.. Resize the TIME AND SALES so we can see them and dumb the useless pre-market chart!
You know someone knows their stuff when they can explain it simply to an individual and we can understand it well. Very good stuff.
Thanks man the course and the Discord room... and these videos. I am learning so much. I couldn't ask for better mentors than you and Dylan. Can't wait for market open on Monday.
Can you send me his discord room
@@mycashflow6920 You only have access if you go thru the course. Which I have to say is the best money I ever spent.
@@richieb1684 hey man how’s the discord been going!m? I’ve been thinking of joining. Have you gotten Better trading?
How can you tell whether an order is a buy or sell on the time and sales (TAPE) chart
Bid = aggressive sell
At ask = aggressive buy
@@carmine_rosato ohh thanks a lot man
Really great video, Carmine. You’re a great teacher. Straight to the point and you give real examples of concepts.
Thanky Carmine, great job, first time to better understand how to deal with L2
One of the best LII videos I’ve seen. You made it makes sense to me so thank you! You’re a good instructor, Carmine!
Glad it was helpful!
LOL were u get the #732 likes from. HAHA Will share because you have amazing content! THANK YOU!
And WKHS is now trading at 0.16. That is 16 cents. Wow how many bag holders are still out there? Looks like everyone should have shorted at $40. lol. Good video
Great video. Still would like more in depth on T&S and Level II. In video here, there was the seller on the ASK with 135 x 100 sell orders that seemed to get absorbwed too quickly when you let the chart run. I'd bet that this "seller" pulled a lot of his orders or all of them at the last minute. So hard to tell from Level II which orders are spoofs ( I usually look for extreme sizes relative to the other side and what price actually does when it hits that level. When I do use T &S and Lev II it seems to confuse me or make me jittery when I am in a trade more than anything else. TOS Level II and T&S kinda sucks compared to other platforms (from what I have heard) with the color scheme and display making it real hard to tell what is going on.
. . . . Other than maybe just a quick glance at price trend or seeing if there is a wall out there that might be developing, i'd just rather focus on using your volume indicator and watching the chart and using Active trader/ Option chart for executing orders and adjusting stops and limits. Would like to see another video on how you use Lev II and T&S in your everyday trading , AND your thoughts on its limits and how to stop it from becoming too much of a distraction. . .
Great job again with another great educational video. Can you explain how you get your volume bars to reflect buyers and sellers in real time? Thanks in advance
Hey I just wanted to let you know the video is showing as unlisted, I was able to watch it because I got a notification of your upload.
Best video I've seen explaining tape reading. Very well explained with great examples. Awesome content!
Note : High volume at key level and no follow through is potential reverse sign.
Buyer aggressive continue the up trend
Best Level 2/Time and Sales Video on youtube. Hope you did, or do another one.
Thanks
This is one of those things I would need to take a test and slowly explained to me. Your going maybe just a half second fast of explaining..
Thanks Carmine! i had this question on for level 2 prints : when stock is weak, green transaction on prints should be considered long or short bias ? usually its a indication of bullish signal when stock is on uptrend but i think i think its bearish signal in a weak market ?
Great video thanks for posting. You sound like you're from joysey
no one is making about the actrual where is the data coming from and the difference between each setting nbbo vs order order vs market order
Great video, thank you very much, looking forward to watching more videos..
How did you set your volume chart like that? The sell bar overlapping the buy bar
One of the best trading youtubers out right now man
lets get 732likes please, i want another vid about L2 and tapes
Thank you once again , I came back to this lesson after several months to Re-Refresh , felt like I've confirmed my upgrade :)
Hey, what about that volumen indicator? Cant find it.
Does level 2 and, times and sales is effective to trade SPY?
Thk, Carmine nice work I subscribe to your nice content !
This is really good content mate, thank you
How do I get a volume indicator like yours?
Very nice video, thank you very much!
what's your volume subgraph setup?
this is the best example of level II use that I've seen. Thanks for doing this!!!
Awesome video! So hard to get detailed info on time and sales and level 2. Thanks!
Thank you. Great information!
How'd you get your volume like that?
Thank you so much! You are giving back a lot to the traders community
Love ur tape-reading vids, thks. More more !!
Best explanation on RUclips about how reading the tape may help you during a trade. Thank you sir.
i Liked this VIDEO 732 times lol
Give this man 732 likes asap
Excellent video Carmine! Excellent explanation
Stupid question, but can't find the answer anywhere: how do you customize the volume bar on the chart like that with the red and green overlapping indicators? I've been messing with appearance settings and can't figure it out
Carmine you are the only who clearly explained quantity correctly in time and sales and level 2. T&S = actual number traded; Level 2 = Nx100 waiting to be traded. I googled up, many sites came but they did not specify this correctly.
I understand the wall now on the ask: 199,200, then 205. But why are the number different on the bid and how do they the buyers cause the price to go up. The ask seems to be moving the number when the wall comes down.
Brilliantly done.
Excellent video!
@Carmine Rosato is level 2 also available and useful for futures trading like /MES?
Hi Carmine. Thank you for such excellent materials you put on your channel. One quick question: Can I see the limit orders traders or institutions put on a Stock or ETF for next week or next month? Can I also use the tools like Level II and " time & sales " for swing trading as well?
I appreciated your wall metaphor. When the price stalls at $900, as indicated on the T&S, and the aggressive buyers are being 'absorbed', I like to imagine the 'wall' broken down (the stack of sellers is cleared) but then a hole emerges (= hidden sellers), into which the buyers are falling - to explain why the buyers can't progress further. Maybe I've taken the metaphor too far!
Can I ask, how do you get the vollume to show both green and red? is it special script? I can finally understand your insight! lol
Thank you for your time you put into this video of Understanding the Level 2. This is definitely the best Explanation / demonstration on how to understand the Level 2. Excellent Work.
What is broker name
That buy sell volume bars, is that something that's on TOS? Mine looks different.
752 likes so far... Thanks for your videos. I've learned so much from you, much appreciated!
Thanks for this carmine, in this video we can tell you really care about educating us
Great video, the first one I found that made sense to me. Really appreciate the replay of the stocks and explanations.
Great video I have recently started using this along with bookmap to get clearer entries and exits.
On TOS green means that the transaction took place at the ask, whereas red means the transaction took place on the bid. Buyers buy the ask to push up the price and sellers sell to the bid to push it down. Supply vs demand.
on TOS, they do not highlight green (ask) and red (bid) transactions like other platforms do. Instead, the colors represent if the ticket is high/lower than the previous
@@carmine_rosato It would seem we're still seeing the unbalanced part of the aggression to either side just missing the flurry that's taking out one side leading into said break, so that sucks
2nd video I've watched with Carmine one Level 2 and he is bar far the best explaining these tools!
Thanks Carmine - appreciate you taking the time to explain T/S and LII. Your explanation is by far the best one I've seen. Examples were great, and I had to hit the "back" button a few times to really start to understand the concepts, but you explain where to watch it (key levels), and that T/S are market orders, and LII are limit orders. Well done, and simple to understand.
Great video
Hi looking forward to your other tape reading video! Amazing quality - you are the best on RUclips.
Great video bro I have one question does anyone know what the color green and color red fill orders mean on the Time and Sales Book can anyone clarify this for me I would really appreciate it thanks and amazing video bro I learned a lot
nice video. definitely good to separate this from trend trading as you did. amazing for scalping though.
Is that a NY accent I hear?
Congratulations on breaking through the 732 barrier. Thanks for the video.
Excellent!!! I had to watch it a couple of times. Really good info. Stating to Watch the time and sales at key area to verify move dialed it in for me.
oj
Thanks for the education. I'm the 381 like 👍🏼
great video. How do you get your volume candles to show both buying and selling volume in once candle like you have above?
Great video. Just subscribed! Love the content and professionalism
The best Level II video (the original) just got improved and it's even better.
Awesome video
Great explaination, wish I found your videos earlier.
Thank you
love! Subscribed. Waiting for the next Level 2 video.
how do you get it
Perfect explanation! thank you for the amazing video
732 likes
I thought bid was people willing to see and ask was people willing to buy but you said the opposite
732 coming up!!
Hey, great video much more informative than other videos on youtube! Do you by chance share the code script for your volume indicator in TOS? Thanks again!
Really great video bro. Thank u so much
what a legend, boiled it down really thoroughly, kudos to you man!
Thanks
Wish WKHS was still $39...bagholding
You explained level ll and tape reading excellent!!!...You are an excellent teacher 👌
great video, really clear and informative, excellent work
Thank you for this. Always saw the ask as the buyers, boy was I wrong
Is there any way to ignore the exchange on the Level II and just group by price?
My mentor
Great video! What indicator is that on the volume bars?
Is that a custom volume indicator you have? how to create that?
What is the volume indicator you are using?
Great video. Thank you so much
im a begginer. this helped so so much wow.
Is there a way to compress the level two area so that for example the exchange, bid, and bid size are closer to each other? Mine shows up at the bottom but i dont like everything so far apart.
I remember in one of his videos he said he just put the news next to it so it condenses it. Check any of his live trading vids. He said that he didn't like it so far apart either and that it was annoying to look back and forth
What do you do to have your volume looking like that