First, it's important to know how to read lace. Lace charts are read from bottom to top, and from right to left. If you click on the chart to make it bigger, you will see that it has numbers on the right side. These represent the pattern row that you will be knitting. The even numbers are skipped because the return row will be purled over the lace pattern.
|high res version available by clicking image|
Here is the legend for the pattern. I am still learning this software, so I did use the symbol for a center double decrease; however, I find that a slanting decrease looks better in the pattern, so this is what the legend indicates should be used.
This is a less-lacy lace, however I find the results to be quite pretty.
Here is an example of how it works up:
|Something I knit for myself, that wants final finishing.|
Next post, casting on for a top-down triangle with a garter stitch top border.