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Well, you begin with the correct premise. Your watch isn't wound too tight. It just isn't running so you made the 'assumption' it was because it is fully wound. Your actual problem is the watch isn't running and therefore the spring is not running down. It may be not running for many reasons. Suggest you take it to a watchmaker and he/she may be able to help you.
Yes, the Movado is a self winder, and it was designed for the sports active wearer, of which the motion of the wearer's arm provides the power to keep the watch wound. Apparently you are not active enough for the watch to be fully wound, so when you take it off, it will use up all of the stored energy in the spring and stop. many self winders will only store enough energy for 8-12 hours of use and will require constant wearing. You could try wearing it to sleep and see if this is enough to keep it wound.
If you feel that this is not the case for your watch, then you may want to have it looked at by a watch maker
Your watch is an automatic type which means that it is a mechanical self winding watch powered by a spring. It is wound up by a weight that moves when you are walking about and this watch must be worn to keep it operating.
If not worn, these watches will stop in 2 -3 days because the spring has run down.
Some automatic watches can be wound using the crown wheel (winder) but if yours cannot be wound in this way, then swing it from side to side gently for a few minutes and the watch will wind up.
Power reserve can not be set, as this is mechanical feature in watch which works along with watch winding. As soon as the watch is wound, the power reserve automatically is engaged and the indicator is showing how much power is left. Fully wound watch will show maximum power and completely unwound watch will show no power at all. All explained is for automatic and manually wound (spring driven) watches only. Rate me, plz.
The idea of "overwinding" is probably the most common myth in clockmaking. A clock cannot be wound too tight, unless it is wound so hard that the mainspring breaks, in which case the spring becomes completely unwound and will not wind up again. What has actually happened is that the clock is fully wound, but does not unwind because it is not running for some other reason. Letting down the mainspring would have no benefit. You're correct that the clock was made in 1974. This is far beyond the expected lifespan of the clock. It is possible that lubrication by a qualified clock repairer could get the clock running again, but considering its age, it may be more likely that the movement is worn out, dirty or corroded and needs replacement. The three keys should be wound all the way, as far as they will go, once a week. This clock should be self-starting when wound, so the fact that it has been sitting wound without running for years indicates a previous problem that prevented the clock from starting and running the mainspring down on its own.
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