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I like MP, and I think the topic does deserve its own thread. I believe MP is about price as well as volume, but it a topic in and of itself.
You did say something that has confused me a little. I was under the impression that One time framing meant that the low of a bar(in and up trend) does not get exceeded by any amount and in a down trend the high of bars does not get exceeded. In other words, one time framing is consecutive lower highs in a down trend and consecutive higher lows in and uptrend and once the high or low is exceeded you now have two time framing action. This is not the case? There is a website called eminidaytrader.com that uses MP to study the market and then has software for Ninja that takes the concepts of MP and translates them to a one minute chart. I learned about one and two time framing there. Could it be different depending on whether one is using a 30 minute chart or a 5 min etc?
If you are know more about MP I'd be interested in hearing about how you would use it to trade from a support and resistance perspective.
I like mp as well, but I only use it to get a feeling what the market is trying to do. to find the structure and key areas.
the reason I didn't start a new thread is, I'm not trading this pattern (or any others like 123, ross hook, al brooks etc). just thought someone might be interested in.
