To be honest, it’s actually possible to trade by just counting swings, but it takes experience. From basic TA teachings, an uptrend is formed by higher highs and higher low, while a downtrend is formed by lower highs and lower lows. This gives us an easy way to identify a trend immediately. However, the tricky part is being able to identify trends in multiple timeframes amidst the fractal nature of the market. Such a technique becomes very powerful, because it gives you the confidence of knowing what the path of least resistance is. Below is an example of this analysis applied to the STI Index.
1) go long when STI manages to go past the previous H on the higher timeframe2) wait for a short entry (lower H) on the lower timeframe.