Born in Logroño, La Rioja, Carcedo began his career at CE L'Hospitalet in Segunda División B, making his debut in the competition on 5 September 1993 in a 3–3 draw at Gimnàstic de Tarragona and being sent off in the 85th minute.

[2] In the summer of 1996, after one-year spells in the lower leagues with UDA Gramenet and RCD Espanyol B – scoring his first goal as a senior on 18 September 1994 to open a 3–1 win for the former over CD Alcoyano[3]– Carcedo signed for Atlético Madrid, being assigned to the reserves in the Segunda División.

[4][5][6] In the 2000–01 campaign he appeared in 16 competitive games for the first team (on loan from French side OGC Nice) as they also competed at that level, the first one being a 1–0 league home loss to Recreativo de Huelva on 9 September 2000 in which he started.

He retired after a couple of seasons in the third with UD Las Palmas, earning promotion in the latter but only contributing four games to the feat.

On 10 May 2015, Carcedo was put in charge of the team for their match away to RC Celta de Vigo following the death of Emery's father Juan,[11] and he managed a 1–1 draw.