I personally like the green,black,and white compounds by Bark River and DLT trading strops. I start with the blade facing me and go from tip to bottom of the blade in I'll say an arching motion and once I get a burr up I'll switch sides. The way I do it I actually pull metal down and rather than remove metal to gain an edge. This method will also give you a convex edge which will roll before it will chip so you get a much stronger edge.
Black,then green,white is more for polishing but can get that edge mighty sharp if you spend the time with it.
Also it helps to heat the leather stop up and the compounds when first applying them.