I want to keep my risk low but not use super fast tick charts (144tick, 233tick or 377tick) nor very short 'timed interval' timeframes (30second/45second); so, I have read alot of threads on range bars and I know many of you prefer them.
What do you think is a good-sized range bar for
a) 9:30am est to 11:00am est
b) 3:00pm est to 3:58pm est
I was looking at 4range and that isn't too bad under normal conditions.
Would one bring the range down some in the pm session--expecting less true range?