I don't know what one click bidding is, but it works like this:
You've set your maximum bid, so if anyone bids anything below that, you're still ahead of them, but the price isn't raised to your max bid unless somebody bids it to that.
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so it's like an auto bid? It won't show my bid of 120 but if anyone bids below that then it auto bids it to a dollar higher?
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Yeah, pretty much. Except I think that you only pay what their bid is. I only ever really use Buy It Now though, so I'm not an expert. But anyway, unless you're super busy or it's some obscure, unnoticed item, there isn't much point bidding until the last few seconds because you're just putting the price up. Maximum sort of stops that problem though, so ehh.