An untraditional stranding method in order to disrupt the pattern on wrong side of the fabric as little as possible. Laura's Loop: Arctic Wrap - The Purl Bee - Knitting Crochet Sewing Embroidery Crafts Patterns and Ideas!
No "Amazing texture stitch! Text is in Russian, but there are many more clear pictures. The stitch looks beautiful on either the knit or the purl side. I'm looking forward to trying this great technique." comment via
Monochrome Knit Pillow by Kate Smalley -- to get the 'fading' effect for the pattern in black, this uses duplicate stitch, combining thinner strands at the base and reducing the strands along the way to the top.