Look at lots of youtube videos that show english style knitting; nearly every one shows the knitter holding their yarn and needles differently. Try different ways to see what works for you and gets comfortable after a while. I don't wrap the yarn around any of my fingers, I simply weave it through them - over index, under middle, over ring and the pinky kind of holds the tail a little. It glides smoothly and evenly and I can adjust tension somewhat depending on whether the yarn is closer to my knuckles or out near the fingertips.
sue- knitting heretic