What are you having trouble with? The pattern seems pretty straight forward so a little more info would help. Do just what it says for each row. Each row (or round) will have you knitting one less stitch on the knit section than the previous row before you k2tog.
Just a thought...I use markers so I don't really have to think about it after the first row. In other words...
Row 1. k5, k2tog, pm continue around till end of round.
From the start of each round you knit to the last two stitches before the marker and knit those two together. Slip marker to right needle and continue in that manner. Do it one step at a time and it'll all make sense.