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Old 13th May 2016
  #3
with the master time line open.
make a COPY of the sequence in the Bin and select, or select a different sequence.
open the selected sequence in the source window.
mark your in and out points
paste or insert edit like any other piece of footage. OR simply drag the selected sequence into the master time line.

NOTE: you cannot drag a sequence into itself, but you can make a duplicate and drag or edit the duplicate in.

cheers
geo