Begin with a foundation chain.  Insert the hook into the center of the third stitch in the foundation chain (the one next to the one next to the one on the hook). You now have two stitches on the hook.

Wrap the yarn around the hook from back to front, and draw the yarn through both stitches, pulling them off the hook. 

Repeat for each stitch in the chain.  At the end of the row, lift the last remaining stitch off the hook and turn the work around.  Place the stitch back on the hook, chain 1, and start the new row. 

For all following rows after the first row, insert the hook underneath both branches of the V shaped stitch, rather than through it.