I Was Struggling Day Trading
23:39
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@The8thwonder-ub4ct
@The8thwonder-ub4ct 29 минут бұрын
I'm very glad I watched this. Thanks!
@therealdeal911
@therealdeal911 Сағат бұрын
ICT assumes a level of potential buy or sell. It works, and sometimes it doesn't. Key levels work more often than not. Stil this is an assumption, and since humans tend to repeat behaviors, it's human to believe it will happen again. Heat Map software is king, as it confirms most recent transactions by participants, thus allowing me to make better decisions based on true data. Thanks for your content. it's very informative.
@mitchellfetter
@mitchellfetter 6 сағат бұрын
I always thought LVN’s were typically areas where price passed through with ease and HVN’s acted as a balanced area where traders may look to trade from. Are you implying that when price previously passed through these LVN’s orders were left behind because of the strong move and when price retraced to the LVN it bounced for that reason? Thanks again.
@mitchellfetter
@mitchellfetter 7 сағат бұрын
When viewing volume profile why don’t you use the overlay on your chart? Also, if you had to chose between book map and think or swim for lvl 2 data which would you chose?
@devendravarma1115
@devendravarma1115 14 сағат бұрын
I love you 💗💗💗💗 bro
@History421
@History421 20 сағат бұрын
What I learned. Many orders above the current price and many orders bellow the price too. Price falls. Sellers pushed the button more aggressive.😅
@martinlazar83
@martinlazar83 21 сағат бұрын
The Yes & Pee 500, the best bistro in town...
@THH-Bitcoin
@THH-Bitcoin Күн бұрын
Using Bitcoin for daily transactions has become easier. Each day, I enjoy watching instructional videos and reading good reviews. It makes me happy to see others pleased.
@FarmerJesse
@FarmerJesse Күн бұрын
"when there is a lot of pain for them, there is a lot of gain for me" anndddd thats a horrible way to look at this. Unfollowed.
@victormendoza6552
@victormendoza6552 Күн бұрын
I've been both a student of Carmine's teachings and ICT's teachings. I have had the most success using ICT. But i cannot disregard Carmine because he is insanely consistent. One major difference I noticed though is under Carmine's school of thought, we "react" to how price behaves at a point of interest. Where as under ICT, believe it or not, we "predict" the move with accuracy before the move even happens (time it will happen, volatility of the move, and the range of the move). Being a student of both, there is much love as i have learned valuable things from both.
@tyler350
@tyler350 Күн бұрын
That's a lot of information. Thank you. Do you use Depth of Market on TOS? Is there a way to see more than just one level of price and vilume on the active trader? Thank you, Carmine.
@fpl_bailey
@fpl_bailey Күн бұрын
I was on the other side of that longfin trade.... I got stuck in the t12 halt 😂
@nateb.1568
@nateb.1568 Күн бұрын
Really appreciate your emphasis on illiquidity leading to reversals! Is there a way to confirm this illiquidity? I feel like sometimes the market visits an area and isn't interested in it AT FIRST, but revisits and breaks that level of illiquidity.
@Mistahcakes
@Mistahcakes Күн бұрын
Great info on the mechanics of a hard and mental stop loss for options.
@alivanis696
@alivanis696 Күн бұрын
good job.. yeah i was briefed before i got to this video so it was easy to understand
@samson312
@samson312 Күн бұрын
Thanks for this carmine, in this video we can tell you really care about educating us
@miamisnaps5549
@miamisnaps5549 Күн бұрын
Thank you for this video🙏🏻
@ericabowers1423
@ericabowers1423 Күн бұрын
do you use VWAP to determine “fair value” ?
@chancekucharski2277
@chancekucharski2277 Күн бұрын
i will say i learned to trade through ICT concepts and didn’t become profitable till i applied carmines psychology and outlook towards the market
@FullMoonHatch
@FullMoonHatch Күн бұрын
thanks, good stuff
@kozmikwarrior8825
@kozmikwarrior8825 Күн бұрын
Where do we get this heat map order flow thingy?
@vientianeforex5929
@vientianeforex5929 Күн бұрын
Hi @Carmine, Can you explan more how can we identify the last buyer buys and last seller sells in the market (Order flow)?
@tony72tony72
@tony72tony72 Күн бұрын
Your ease of explanation here is excellent. Indicator of understanding. Bravo!
@Jason-gx6ip
@Jason-gx6ip Күн бұрын
How do I learn to use this strategy?
@jonmoshier3954
@jonmoshier3954 2 күн бұрын
Awesome video, and as always...no bullshit.
@carmine_rosato
@carmine_rosato Күн бұрын
thank you !
@devilshunter
@devilshunter 2 күн бұрын
oo spicy topic. love it haha
@carmine_rosato
@carmine_rosato Күн бұрын
They actually are very similar in their ways
@jandllc
@jandllc 2 күн бұрын
Stick with order flow. Why complicate things?
@carmine_rosato
@carmine_rosato Күн бұрын
this is what I am trying to get at...
@sayminame123
@sayminame123 2 күн бұрын
Before anyone makes a video comparing ICT they always do 5 minutes of research and run with it 🤦‍♂️ ICT is not a strategy think of it more as a collection of information that can reinforce one’s understanding of why and WHEN the market will reach for old highs and old lows, and imbalances. You can literally trade any old pattern or moving average with some of ICTs teachings. I see people do it all the time. Most ICT traders suck because they still want to get rich quick and aren’t mature enough to stick to one model with months of backtesting. The problem was never the strategy, new traders are just lazy and greedy. They won’t watch the free content but they’ll pay 300$ for a mock course on turtle soup and post photos of their demo trades on twitter and tag the scammer that sold them the course.
@carmine_rosato
@carmine_rosato Күн бұрын
I think this is with any trading strategy and majority of traders
@NityaVink
@NityaVink 2 күн бұрын
As always - another informative video. Thank you 🙏
@carmine_rosato
@carmine_rosato Күн бұрын
Glad you enjoyed it!
@fredbakinis3257
@fredbakinis3257 2 күн бұрын
Great video. But I will still go for ICT because you can apply the concepts to any timeframe or any market. I have never heard of orderflow software or tools in Forex. Moreover this orderflow thing is efficient for day traders or scalpers. ICT is the better strategy because you don't any fancy tool for that.
@carmine_rosato
@carmine_rosato Күн бұрын
I dont think any tool is better in general. There are tools which are better for each individual trader. Also, there are orderflow tools for forex. Just do all analysis on forex futures
@pitekxpan5845
@pitekxpan5845 2 күн бұрын
Low volume on fvg mean nothing !! Bubble will not tell u when to entry
@carmine_rosato
@carmine_rosato Күн бұрын
always
@snooblr
@snooblr 2 күн бұрын
The FVG example given is not a true Fair Value Gap.
@edgarperez8635
@edgarperez8635 2 күн бұрын
Comparing your system to ict when you dont undersatand how it works is comparing apples to oranges…a 5 min review of what a fair value gap is is not enough…is like asking a dentist to do a kidney transplant…
@edgarperez8635
@edgarperez8635 2 күн бұрын
Reversal just dont occur at a random price or illiquidity..reversals most of the time happens at key levels where the liquidity is taken out meaning smart money dumping buy orders to sell stops or sell orders to buy stops,talking about real reversals,not stopping people out at a short term high or low,im talking about real key levels,previous day high or low,previous section high or low etc…
@carmine_rosato
@carmine_rosato Күн бұрын
yes but you can see and feel this action through the tape. It can serve as additional confirmation
@eduardosouza6686
@eduardosouza6686 2 күн бұрын
What's your reference for many/few transactios for the ES?
@carmine_rosato
@carmine_rosato Күн бұрын
Looking at a volume profile will help be able to decide many vs few. Few can be seen in the form of a volume tail
@Kloutkulture
@Kloutkulture 2 күн бұрын
Ict such a cult. Whenever someone criticizes it people say, “you didn’t study it long enough to know the REAL ICT” lmao sound like any other religious person. 🤣🤣🤣🤡
@Kloutkulture
@Kloutkulture 2 күн бұрын
Orderflow is for real traders. ICT is for beginners and clowns.
@kair.7532
@kair.7532 2 күн бұрын
Orderflow still couldnt stop you from taking a 10k loss last Tuesday so does it really matter?
@Kloutkulture
@Kloutkulture 2 күн бұрын
Which he immediately made back. How much have you made this year?
@carmine_rosato
@carmine_rosato Күн бұрын
Really? Like any strategy will make you win every time?
@ParetoEmperor-jp6ke
@ParetoEmperor-jp6ke 2 күн бұрын
i got better understanding and obvious clues with volume on any patterns or actions than finding gaps and hope it will hit or miss without any clues
@rob409BOI
@rob409BOI 2 күн бұрын
For 1, didnt the ict dude get busted as a fraud when he tried to trade live and kept losing? 2... this is carmine mf rosato. Dude is mafia style protected. He dont gaf who he pisses off. Half the people in here butt hurt instead of just soaking up some free game and listening to another perspective
@carmine_rosato
@carmine_rosato Күн бұрын
hahaha
@JustStartingOut-nt8ve
@JustStartingOut-nt8ve 2 күн бұрын
A transaction is sort of an agreement to disagree. At a given price, a buyer and a seller have 180 degrees disagreeing opinions to buy the security vs. to sell the security, and therefore, they agree to make a transaction. Therefore, you can say if there is little disagreement between buyers and sellers on whether the security is buy or sell, then there will be few transactions. Or, you can also say if there is little agreement between buyers and sellers to make transactions, then there will be few transactions. Both mean the same thing. But, the confusion comes from not specifying what they are disagreeing on or agreeing on.
@carmine_rosato
@carmine_rosato Күн бұрын
yes true. Think of this through a producer and consumer example. If you are a producer, you want to sell at the highest price because you want to make most money If you are a consumer buying good from this same producer, you will be paying a price which you think is cheap.
@cater4anytink45
@cater4anytink45 2 күн бұрын
Amazing insightful video... If I wasn't a member of bear bull traders I'd buy your course.. A guy called Thor Young swears by volume like yourself but his where is based of the camerilla pivots... Deadly accurate when you look back at them
@jgbeatzofficial
@jgbeatzofficial 2 күн бұрын
Gem
@johnfriesen3986
@johnfriesen3986 2 күн бұрын
Correct me if I’m wrong but I think Time and Sales is useless because all it shows is selling and buying but you don’t know if someone is selling to close a long position or actually shorting the market also you don’t know if someone is buying to close there short position or buying to go long so with all that missing information the only way times and sales is useful is to see it as volume coming in which in that sense you might as well just look a volume bars sense that is cumulative which would be more helpful then seeing individual orders coming into the market but I could be wrong
@carmine_rosato
@carmine_rosato Күн бұрын
you would have to read more in-depth data such as bid vs ask volume and better using volume by price. Also, context is very crucial in reading transactions
@RohnisGames
@RohnisGames 2 күн бұрын
Thank you for these videos, learning a lot Carmine! ♥
@johns3866
@johns3866 2 күн бұрын
Orderflow is the mother of ICT and SMC. Without orderflow there is no ICT. ICT exists because orderflow existed
@aaronwilliams6808
@aaronwilliams6808 2 күн бұрын
All this sideways talk towards Carmine is crazy. He clearly said he doesnt really know or trade ict....and one strategy isnt better than the other. Its about what resonates with YOU!!! Trading is like a tailor made suit. Some use indicators, some dont, some are supply and demand, some are ict, some strictly trade reversals, some just breakouts. Find what works for you and keep shit moving. And im not even a member of his community, but have certainly learned from it
@carmine_rosato
@carmine_rosato Күн бұрын
Truth
@Zilllon
@Zilllon 2 күн бұрын
Great video Carmine thank you!
@carmine_rosato
@carmine_rosato Күн бұрын
Glad you liked it!
@Smerf.PO3
@Smerf.PO3 2 күн бұрын
It’s ICT for sure
@reneebishop94
@reneebishop94 2 күн бұрын
Well said! Thank you for breaking that down! I’ve used both but order flow makes more sense. It takes the emotions out of trading IMO.
@carmine_rosato
@carmine_rosato Күн бұрын
Any system , ict orderflow fibs etc will take out emotions