Loop not showing up on page template

Firstly, use WP_query instead of query_posts:

Secondly, for (static) pages use the variable ‘page’ (not ‘paged’).

$my_query = new WP_query( 'post_type=post&posts_per_page=5&paged='  .get_query_var('page') );
if ( $my_query->have_posts() )  while( $my_query->have_posts() ) :
    $my_query->the_post();
    the_title();
endwhile;

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