I used to knit like that- yarn holding and all!! I moved over to circs and things changed a bit but my tension is always better when I hold the yarn with my two fingers. I found that after awhile though I preferred continental style for knit ( even though my tension is horrible) because it seemed to take a little less time and energy (really how much energy does it really take to wrap yarn around a stick
), but I do go back to my trusty method for ribbing and purling. I must say though I am considering learning a new technique for speed as I can be a pretty slow knitter. Overall, though, I love this ways of knitting it is really quite accurate for my stitches. Knit on fellow funny knitter, I'm with ya!