It's always good to have a healthy fear of news. We often recommend cleanup up trades or staying out of trades until after news hits just in case. But if you're working from the larger time frames, the news will have less impact on what you're doing.
Most longer term swing traders, for example, pay very little attention if any to the news because they're dealing with daily, weekly, and monthly charts.
Tickettoride is an example of that. He's one of the moderators on the board here and he plays pretty much only long term charts, weekly if I remember correctly. So we don't see a lot of him...but he is a very sharp trader for sure.
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