Vertical line 4N on the 4 hour chart is from 8/12/2008 at 12:00. Vertical line 4 on the 1 hour chart is from the 12:00 candle.

Here we have the news released during the TC back to the 21 on the 4 hour chart. The aqua line on the 1 hour chart again shows were the TC took place on the 1 hour chart. The range on the 4 hour candle is about 150 pips, the 1 hour range for the candle with the -DM/+DM cross is 50 pips. This is still a large stop loss range but the point to all of this is to get in a little earlier with the 1 hour and reduce the range of the 4 hour candle and regain entry into the trend.

Vertical line 5N on the 4 hour chart is from 8/19/2008 at 12:00. Vertical line 5 on the 1 hour chart is from the 12:00 candle.

Another news release during the TC back to the 21 on the 4 hour chart. The aqua line on the 1 hour chart again shows were the TC took place on the 1 hour chart with the news, then a second news release two candles later. Price closes above the 21 on the 4 hour chart for the first time which should raise a flag that the trend might be changing. The MACD is above the sero line as well. The +DM/-DM do cross later on the 1 hour chart but with the strength in the 4 hour price this signal should be disregarded. Price is below the 89 on the 4 hour chart but the 8 and 21 are not flowing well and the rhythm is weakening.

Vertical line 6 on the 4 hour chart is from 8/27/2008 at 00:00. Vertical line 6 on the 1 hour chart is from the 00:00 candle.

A non-news event candle. You can see from the 4 hour chart that the rhythm is starting to break down with price closing above the magical 21 (Phillip: may I borrow your crystal ball just for a few days please?) for the second time. The 89 is getting closer as well. The 1 hour, according to the ADX, gave no signal for an entry during that candle. The 4 hour price action did make it to the top of a previous price channel that was in the area of the 89 that can be seen as two resistance points for an entry but the main topic with all this is TC trades back to the 21...high probability trades.