I pretty much use the same method as Doober's dad passed on to him, except I go over the arm, not under.
For a right-shot:
1) Left hand pinches left nostril
2) Lean right over the right arm, tilting top of head head back and to the left to ensure good clearance over the arm/shoulder
3) Blow like hell.
4) Reverse everything to clear the left.
The thing to remember is that your nostrils point down farther than you think so the lean/tilt is important.