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CL trading combine rules state that you should not be in the market during Oil inventories and anything related to FOMC.
With oil inventories coming out at 10:30 est what would be the recommended time not trade for example 15min prior and post inventories news?
Then for example this week FOMC events are all over the place like 8:30PM FOMC Member Rosengren Speaks, 6:30AM FOMC Member Evans Speaks,
5:30PM FOMC Member George Speaks
What would be a good time period here to stay out of the market?
I guess you are talking about TST rules. You have to be flat 1 min before till 1 min after this events.
Regarding FOMC, the rule concerns to FOMC statements and not if some FOMC member is speaking, if members are speaking, this are absolute non-events and of course you can trade whatever you want.
As Tr8er said. During Step 2 and Funded you have to be flat at least one minute either side. You don't have to follow that rule in Step 1 but you may as well to get in the habit as you have to later.
If you have a DOM open you will be able to see the depth of orders. Shortly before a big news event you will see how thin the orderbook becomes showing that traders are pulling their orders before a volatile news event. When you see the order book fill back in to close to normal levels you know other people are looking to trade too. The book normally fills in quite quickly. Most DOMs show a total figure for the depth and you will soon get an idea of what is normal throughout the day (if looking at say ten levels for crude rather than the extended book).
With oil you can find that the period from the RTH open 9am ET through to the EIA report at 10:30am (11am Thursday in a holiday week), can often be grinding and two sided as inventory is balanced before the report.
I never traded the afternoon FOMC meeting and statements because it was so late in the day if I lost money there was no time to make it back. Also there is a press conference after some of the meetings and you have no idea when something might be said that could suddenly shoot price one way or the other.
