Note: Someone with ultrasound experience may know a lot better than I...
This can be a little tricky. It is easy to identify the 'Post
Ovulation' shed. Step 1) Notice ovulation. Step 2) wait
approximately 3 weeks for for shed. Done. 
Then I guess you could measure your follicles through touch (not
very accurate, but you can usually count them by hand at that
point), or use an ultrasound if you have one.
Identifying the 'Pre Ovulation' shed, for me, is hard to do since
they will possibly shed a couple of times before ovulating. How
can you tell which one is the shed just prior to ovulation without
first seeing ovulation? Perhaps that is exactly what you are
trying to figure out (let us know)...namely: Is there a repeatable
sequence of growth of the follicles such that you could palpate
them after each shed to determine if ovulation is 'coming soon'.
I'm not entirely sure, but I would guess that this wouldn't be
very reliable since I think the time can vary a LOT between
shed -> ovulation time.
Regarding the question of 'when can I feel follicles during
palpation'...I find that you can often detect small follicles
months before ovulation. But even these follicles seem to grow
at different 'rates' with different females (probably depending
on a lot on her physical pre-conditioning for breeding).
For me, the happy day is when I notice ovulation. Only then am
I fairly sure that I will see a clutch of eggs within 50 days
( /- a week). Between their post ovulation shed and egg laying,
you can usually count the number of eggs that are in there. With
practice/experience, you can even detect which eggs are slugs (smaller)
and which are likely (hopefully) fertile (or at least 'regular'
sized).
Best of luck!
Chris Simone