A Good "sleep well at night" trade

Hate to keep talking about the same thing here...but it will be worth it.

• The Ozzie has broken down a little against the Dollar


• The Canadian Dollar has also come down some.


• The Yen still seems very weak to the Dollar (are we going to test 1oo again?)


• and the ECB is meeting tomorrow.


• The chart I gave the other day seems to be holding...

...which leads to the next trade. It is something I will only do in my intermediate/long term accounts only because it may take a little while to work.

There are options (calls) listed on the PHLX exchange that you can sell as protection on the downside if there is a break. Best part about options (depending on the month you choose) is you can do it over and over again.

The worst part?...There are no options that reflect the Dollar on its own i.e. without the cross. That is the tricky part. Do you go with the 'cable' or the more risky Ozzie.