This job is NOT easily accomplished using a "graver" without considerable experience as a graver is really unsuitable unless fairly special equipement is used…..
Turning fusees is relatively striaghtforward using a fixed lathe tool. To turn the basic concave profile use a 'round nosed tool' well secured in a tool post which is allowed to pivot freely…ie, the tool is screwed down tightly but the main tool post bolt/nut is left only finger tight……This pivot is placed at the radius of the curve to be turned and then simply turn the tool by hand against the workpiece thus cutting along the required curve. This is well documented online and can be read about in the description given in John Wildings book; 'Eight Day Skeleton Clock' as well as in other titles.
To cut the continuous groove on the fusee the lathe is set up for thread cutting by arranging the required wheel (cog) train for the number of grooves, or pitch, per inch…then remove the cross slide thread so that the cutting tool may be slid against the curve of the piece by hand to cut the groove along the concave surface. This process is also well documented and described by JW.
If you really MUST use a loose engraver then grind a round nose and concentrate on applying the cutting edge to the brass exactly at 90 degrees to the surface….there should be no top rake to the tool when cuttign brass (unlike steel) Round nosed tools give a better finish when cutting brass especially the curved surface of a fusee.