It is a form of continental, Gurmperina knits this way and calls it 'Combined' and Modeknit does a version, as well, that she also calls 'combined, but they are each slightly different. I do the Gurmperina version. She also has really good videos. There are maybe 8 or 10 ways to knit, even backwards..... ;-)
Adding video link for Grumperina's way of knitting....
http://www.grumperina.com/videos.htm