Unless your stone is wider than your blade is long, you'll have to use an "X" pattern.
Keep this in mind- you're not sharpening a knife here. Try to use as little pressure as possible- aim for zero pressure.
It would be a very good idea to let someone who knows what he's doing have the first crack at it. Classic farms their sharpening out to Lynn Abrams of straightrazorplace.com, and there are several experienced honemeisters there (and here) who can help you out. Before you put your new pride and joy to the stone, I would suggest picking up a decent used razor to practice on. In theory, it should be much easier to sharpen a razor than a knife, as you don't have to find the exact angle of the bevel (you just lay the blade flat). In reality, it is much harder than sharpening a knife.
Stropping is a more important skill to learn. How long you can go between honings (and how good your shaves will be) is more a function of stropping than anything else. You won't need any sharpening paste on your strop (nor should you use it at all on a hanging strop) for quite a while once the initial edge is established.
The learning curve for a straight razor is much steeper than for any other type of shaving, and at times it may seem to be an impossibility. Stick with it, and you'll soon get good results.
Director of the B&B Stjynnkii Membörd Dummpsjterd.
Badger & Blade- the most reasonable place on Earth.
Wenn ist das Nunstück git und Slotermeyer? Ja! Beiherhund das Oder die Flipperwaldt gersput!