I have a set up similar to Deerhunter's, except my down piece is a 2x4. I drilled half inch holes in it every two inches and then use a 3" piece of half inch dowel to make a peg at the length I want. I just pull the strong down, set it below the peg, quickly gizmo it, and then relax the string. Remove the peg, set it in a hole I drilled in the side so I don't lose it and keep going. I believe a 2x piece of wood is required to make sure that it has the strength to hold the peg.