Carmelo Valencia's greatest performance came in the 4-1 victory of Junior de Barranquilla “tu papá” against the #1 club in Copa Libertadores. He also played really well in the two games in which his team Atletico Nacional faced Atletico Huila for the 2007 Apertura National Championship Mustang Cup. He recorded the only goal in the game at Huila. In the second game he opened the score with a goal after the Huila defenders crashed into each other leading the way to Valencia putting Huila's championship hopes out of reach. The game ended 2-1 and the aggregate score was 3-1 in favor of the reigning champion Atletico Nacional. He then helped Nacional defend their title in the second semester finals versus La Equidad by scoring the first goal in a 3-0 defeat of the capital's team. He's now scored a combined three goals in Colombian Mustang Soccer finals.
Valencia gained notoriety for his public admission that he faked a foul which resulted in the sending off of an opponent, Santa Fe's Agustín Julio, during a league match on 25 April 2009. League officials banned Valencia for one match following their review of the play in the wake of his admission.[2]
On 18 January 2010, Valencia signed for K-League club Ulsan Hyundai on a three-year contract for an undisclosed fee.[3]