Du Plessis is OK. It depends how much you know about P&F already. When I saw him a couple of years ago, most attendees were ignorant of P&F. They'll probably show you charts where it worked great. I've used P&F's to good effect in trending markets. Without trends you'll bleed to death on false breaks. He used to claim that Indexia were the only one to calculate P&F correctly. I'm not mathematical so I can't comment on that.
If it's free, then go along, I don't think I'd pay for it though. :cheesy:
...and they're not the only people doing it correctly!
(I'd also be interested in how 'correctly' is defined... last time I looked TA didn't have a right and wrong way of doing it, just ways that worked or didn't).
I went on one 18 months ago and it was total crap. Real waste of time. As I mentioned in a post on the moving averages string they ran a simple optimisation regression and claimed that that was the best moving average to use! A very blatant / sad curve fit that only a real fool would fall for!
Like many of these things they show you lots of successful (hand picked) charts, put on a few speakers who traded for a while in the 1970s and give you 2 cups of luke warm tea.
DO NOT WASTE YOUR MONEY ON THEIR COURSE OR SOFTWARE! I have made both mistakes!
Sorry not to be more up beat but best you know before wasting your money!
As with any course though, what you won't learn is how to optimize your PnF charts. The only way to do that is hard graft, by testing, and as ever, should only suit your own timeframe, ability to trade intra-day, risk management, i.e. to get a feel for how frequently you will be in and out of positions.
It's taken TBS and myself a good two years to figure out our index futures' PnF charts, even then it's been an ongoing process as volatility has shrunk, and likewise, several months for our new systems which are still on the drawing board - US Treasuries, Bunds, Copper and oil, plus UK, German, French, Swiss and US stocks.
You can read all about the basics in JJ Murphy, or Dorsey. My take on a PnF course is that unless someone already has systems set up, and is willing to tell you them, in precise detail, unless your timeframe fits theirs, you're better off saving your money and investing in your own time and sweat to configure PnF charts that suit you and no-one else.