Hi All
Interesting topic, - I sometimes use P&F as confirmation of other systems,
but it can work well on its own.
Here you can see the benefits of P&F used on EOD charting.
Circa 700-800 pips on the first move down.
200 - 600 on the retracement, centre of chart.
(SAR or resistance break)
and circa 500 on the recent downmove.
If it helps, here's a link for a free P&F course.
http://206.155.168.124/cgi-bin/foxweb.exe/fwuniv
GTA - arco