i am having a hard time figuring out how to read the chart.

i understand i have to read it from down right corner.
i am looking at this
http://www.stormmoonknits.com/celticcableneckwarmer.pdf
to make this
http://thestormmoon.blogspot.com/200...eckwarmer.html
so for the first row i will sl1,k1,p2 , [slip2 on cn and hold it back,knit next 2, and p2 from needle]. so my first question is am i reading the chart correctly. if i was do the first row from the chart will that way it start?
second question is when it says hold to the front, and hold to the back. which is which? is the work facing me is front or the other side is front?
please help.

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