I always equalize without pinching my nose. If I can't do it by wiggling my jaw or lifting the back of my tongue, then the ears just aren't going to clear that day and diving is off.
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Yup, I can. It's hard to describe .. there's no wiggling or swallowing for me. I just flex my inner-ear muscles (I don't know a better way to say it) and they're clear. The coolest part is that it's second nature now, so I don't even have to think about it. I just go down and don't worry about equalizing. When I consciously try to do it, I can hear myself breathing, especially when I breathe through my nose.
Works on planes too...