Rig for bait use a small hook (egg hook or like a #6) then a BB shot above it or small barrell swivel with a 1/4 to 3/16 oz sinker just enough to get down in the current your fishing. Using light line can make your day when bait fishing. Use as small as you can get by with because they can see it. I use 4lb Vanish if I ever take someone up there with me that only uses bait.
Bait: live worms, Berkley power eggs, salmon eggs or corn should do the trick.
Lures: small inline spinner fished with the current where it can tick along the bottom, small spoon fished the same way and stick baits that resemble minnows fished either the way as above, on the swing (down and across the current then hold it while it swings back to you) or a jerk-jerk-stop retrieve. Bigger the lures bigger the fish but you will need to be fishing high water.
Fly Fishing: 8-9ft 5wt with floating line should do you well. 9ft leaders(at least) and small tippet with a good dead drift if you want consistent bites. Midges are in there in good numbers all year, scuds, sowbugs and sculpin are helpful in your box. Some dry fly action but 90% or higher is sub-surface. If you have a sink-tip or full sinking line throw some clousers or buggers in there.
If you pick any of those and give them a try you should catch fish. The Caney is a very tough place to fish sometimes. I once heard this statement and it will back that up: The Caney is the most fished tailwater in the state, has the highest catch rate but only 25% of the anglers that fish it catch fish. Don't know if that holds true today with the current ongoings up there but it will give you an idea.
Good luck and be safe.
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