1095 will form a wicked hamon with a clay coat. To do the simple type of hamon:
Coat the entire blade with a thin coat of slurry ( a fairly watery mix of Satanite and water). Allow to dry. Coat the entire blade with 1/8" of satanite. Take your fingers and wipe off the clay from the edge of the blade, going back about 3/8". Let dry completely (you can speed it up with a hair dryer or a torch). Austenitize at 1475 for 5 to 10 minutes. Full quench into fast quench oil ( I go tip on all at once), and pull out after about 8-10 seconds. If the clay is still attached, quickly scrape it off ( don't knock it off!) and check for warp/twist. Correct immediately while the blade is still between 400 and 900F. Cool blade in the oil, clean, temper at 400F twice. This will give you a pearlite spine (soft and tough) and a martensite edge( hard and tempered).It will take a sharp edge that can be touched up in field easily.
A quick dip in FC will show how bold the hamon will be.
To finish the blade, sand to 1000 grit ( hand sand above 400), etch, wet sand to 2500. It will show a lovely hamon.
If you properly clay coat the blade and do the full quench, there would be no need to draw the spine to blue color while edge cooling the blade in water, as pearlite is already soft.
The edge in water trick is for blades that were fully quenched to martensite and then you are drawing the temper back to a pearlite mix by overheating the spine. I find the results better and more predictable using clay.
The two techniques often look similar but one is a quench line and the other is a temper line. The difference can mean a lot. A clay coat has martensite going up into pearlite, a temper has pearlite descending down into the martnsite. It is not a problem if the martensite goes a bit farther into the pearlite, it can be ruinous if the pearlite goes too far into the edge.
Stacy