I wanted to come up with a way of doing a picot bind off that was simple, with a clean, tidy look. And I think, after playing with various methods of achieving this, that the result surpasses my expectations. Indeed, my little points have a bead-like quality that seems to perfectly echo the seeded stocking stitch pattern on the body of my new cardigan.
So, how is it accomplished? First, you need a garter st edge (I haven't experimented with other types so far) with an ODD number of stitches. With RS facing and a needle one size smaller than you used for the garter stitch, *CO 2 sts to the working end of the LH needle,
|Use the knitted cast on method, NOT the cable cast on!|
The key element of this approach is the k2tog (and the k3tog at the end), which solves the looseness that bedeviled my picot attempts for so long. I hope you give this a try; it's much easier than the traditional hemmed picot edge, and so pretty.
P.S. Happy Canada Day, 2015!