Typically, kids in the USA are taught 1 - 5 the way you describe, but not taught anything further with a single hand. If they want to count to ten, they use both hands in the same manner.
There are a few other fancy ways including even binary which could let you count up to 1024 if you could keep it all in your head. :)
The ASL (American Sign Language) method I mentioned in the parent is described here: http://www.dummies.com/how-to/content/counting-on-numbers-in...