I only trade CL and will only hold a trade thru news events when I have a nice spread and am able to keep my stop BE plus a nice cushion. Otherwise I usually will trade off the bottom or tops of the move.
avoid new positions into all economic news releases. You can not anticipate the number or the reaction to it nor is a news release something that is repeatable. Set resting stops and targets around economic releases or scheduled press conferences, but imo trying to trade them per se, is a losing proposition.
This post has been selected as an answer to the original posters question
I personally think trading news is gambling more than anything else; and should be avoided as much as possible.
At least this is the rule we have set in my fund, and it helped us or shall I say saved us on more often than not.
What is more important than the news itself - for us traders - is the market reaction to this news: and you cannot predict that at all as good news doesn't automatically translate into positive price action, and of course bad news do not always translate to negative price action either.
So you need to basically forecast the news first, and then forecast the reaction to the news I would prefer to go to Las Vegas for such an odd probability and have some fun at least instead of losing my money staring at ugly computer screens and charts...
All the instruments you listed above react to all news, to some extend, as capital would move from one to the other and so on, so they all get affected.
Just my personal view
Successful people will do what unsuccessful people won't or can't do!
The following user says Thank You to Fadi for this post: