Tape Reading 101 || Level 2 and Time & Sales

[@yonk-oh7227]

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

[@CashmereMercenary]

You know someone knows their stuff when they can explain it simply to an individual and we can understand it well. Very good stuff.

[@sashalalaa]

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.

[@RadAleks]

Best explanation on KZbin about how reading the tape may help you during a trade. Thank you sir.

[@aura_daddy]

One of the best trading youtubers out right now man

[@vark]

Anybody current here? seems like all the posts are from along time ago.

[@ThyReturner]

Yeah. Learning tape reading too.

[@akorn5800]

Where can I get the tape please reply guys

[@StockSlicer]

I’m still alive

[@carlom.2194]

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!

[@carmine_rosato]

Glad it was helpful!

[@axherzog]

this is the best example of level II use that I've seen. Thanks for doing this!!!

[@troy5758]

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.

[@hansmon2]

2nd video I've watched with Carmine one Level 2 and he is bar far the best explaining these tools!

[@Pmz604]

Thank you once again , I came back to this lesson after several months to Re-Refresh , felt like I've confirmed my upgrade :)

[@1Eltraficante]

Best video I've seen explaining tape reading. Very well explained with great examples. Awesome content!

[@nodaysoffmusicgroupllc.7489]

Best Level 2/Time and Sales Video on youtube. Hope you did, or do another one. Thanks

[@mrbxv]

Really great video, Carmine. You’re a great teacher. Straight to the point and you give real examples of concepts.

[@richieb1684]

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.

[@mycashflow6920]

Can you send me his discord room

[@richieb1684]

@@mycashflow6920 You only have access if you go thru the course. Which I have to say is the best money I ever spent.

[@FlatbushPrince]

@@richieb1684 hey man how’s the discord been going!m? I’ve been thinking of joining. Have you gotten Better trading?

[@ElectricalTrade]

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.

[@pepeetxeberri9273]

The best Level II video (the original) just got improved and it's even better.

[@neuvocastezero1838]

Congratulations on breaking through the 732 barrier. Thanks for the video.

[@codemasters_]

what a legend, boiled it down really thoroughly, kudos to you man!

[@juliusashtonshepherd8631]

im a begginer. this helped so so much wow.

[@mikefedor78]

You explained level ll and tape reading excellent!!!...You are an excellent teacher 👌

[@den794qynn618]

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 ?

[@notsatisfied2364]

Great video I have recently started using this along with bookmap to get clearer entries and exits.

[@HenriEloundou-q9o]

Thanky Carmine, great job, first time to better understand how to deal with L2

[@EducatingMyself]

Watch 10 videos before this one and all I can say is Your video is the best. Straight up explained it to me the way I wanted it to be explained. Great video! Earned my subscription!

[@azycray4801]

I'm going to switch from the volume indicator I have been using to this buying vs. selling volume indicator. Much, much better!

[@azycray4801]

Carm, I couldn't find the buyingvsselling volume indicator in TOS, where did you find it?

[@azycray4801]

Never mind, I found it in the TOS section of your discord channel. Thanks Carmine, we appreciate all your hard work!

[@cheetahpsg4988]

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. . .

[@jherc135]

Great video, the first one I found that made sense to me. Really appreciate the replay of the stocks and explanations.

[@signaltouch7413]

one of the best vids on KZbin

[@TideV2]

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.

[@carmine_rosato]

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

[@907Blademan]

@@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

[@williamwooldridge304]

I just saw this video. Great class. Thanks

[@dylanstox]

Excellent video Carmine! Excellent explanation

[@ytwatch4506]

Hi looking forward to your other tape reading video! Amazing quality - you are the best on KZbin.

[@Bvguette]

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.

[@danielzuzevich4161]

Brilliantly done.

[@samson312]

Thanks for this carmine, in this video we can tell you really care about educating us

[@mattburke579]

Awesome video! So hard to get detailed info on time and sales and level 2. Thanks!

[@nndiaye1]

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

[@jamesabdullaev6972]

Thank you so much! You are giving back a lot to the traders community

[@egodrunk]

How did you set your volume chart like that? The sell bar overlapping the buy bar

[@noahsheriff939]

How can you tell whether an order is a buy or sell on the time and sales (TAPE) chart

[@carmine_rosato]

Bid = aggressive sell At ask = aggressive buy

[@noahsheriff939]

@@carmine_rosato ohh thanks a lot man

[@tomworrall190]

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!

[@herminrobillard1145]

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?

[@nimatsering9011]

you are the best mentor

[@cinapps]

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

[@KusumalathaHettiarachchi-mh4cj]

Excellent video!

[@charlesbarber2202]

Great video, thank you very much, looking forward to watching more videos..

[@giglehart]

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.

[@phillipayala3207]

Thank you for this. Always saw the ask as the buyers, boy was I wrong

[@saulvera5469]

Hey, what about that volumen indicator? Cant find it.

[@atavrett89]

Great intro video, thanks

[@Matrixagent10]

Does level 2 and, times and sales is effective to trade SPY?

[@Turner7759]

This is really good content mate, thank you

[@equitystrategies]

great video. How do you get your volume candles to show both buying and selling volume in once candle like you have above?

[@homegr0wn]

What is the volume indicator you are using?

[@laospot]

That buy sell volume bars, is that something that's on TOS? Mine looks different.

[@ameednahhas3921]

How do I get a volume indicator like yours?

[@shannonrice8016]

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

[@keyth0]

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.

[@justinwarrior8727]

Thank you. Great information!

[@traderelated]

Is that a custom volume indicator you have? how to create that?

[@bryeh.7940]

what's your volume subgraph setup?

[@manonthemoon34]

great video, really clear and informative, excellent work

[@FoursideAssetManagement]

Very nice video, thank you very much!

[@gabrieldiaz-ym3pl]

Perfect explanation! thank you for the amazing video

[@impsquared]

this is the video I was looking for

[@蒋佩芷]

love! Subscribed. Waiting for the next Level 2 video.

[@eddiem1155]

How'd you get your volume like that?

[@shortsellking5769]

Great video! What indicator is that on the volume bars?

[@Josevaldes12]

What do you do to have your volume looking like that

[@prodiqi]

Great video. Just subscribed! Love the content and professionalism

[@artiums4943]

@Carmine Rosato is level 2 also available and useful for futures trading like /MES?

[@lakerowen2345]

Thank you so much for the detailed explanation!

[@mohammedf3866]

Really great video bro. Thank u so much

[@amowatt01]

Love ur tape-reading vids, thks. More more !!

[@miamiroyale]

script for ur adjusted volume ?

[@JeancTejada]

Awesome video

[@Angel-AFA]

Note : High volume at key level and no follow through is potential reverse sign. Buyer aggressive continue the up trend

[@shawnd9280]

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

[@Futclipped]

My mentor

[@Jackbbanks]

how do you get it

[@derekalv911]

Is there any way to ignore the exchange on the Level II and just group by price?

[@albarr300]

Thanks for the video very informative

[@omarzantout2694]

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!

[@KaosOG]

how do you get that buyer seller volume?

[@tdubrose]

752 likes so far... Thanks for your videos. I've learned so much from you, much appreciated!

[@rafaelsorianoalcala1]

Great video. Thank you so much

[@tbot1633]

Great explaination, wish I found your videos earlier.

[@sleepwalker2649]

nice video. definitely good to separate this from trend trading as you did. amazing for scalping though.

[@santimoraz]

💯 amazing as always

[@footballinmyblood9085]

did he make another video

[@mycashflow6920]

Give this man 732 likes asap

[@raynoren9185]

Thk, Carmine nice work I subscribe to your nice content !

[@Syed-Sibet-Hassan]

Thank you

[@nycbankers1427]

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

[@MrSuperchargedv8]

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.

[@brandonhakimi2259]

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

[@wachsin1970]

i watched a few of your videos, great job! paying attention to details step by step....learned a lot from you keep the great job

[@Eternalpeace146]

What is broker name

[@fireworxz]

Thanks

[@ChristianHada]

thanks for your vids man