I won't reinvent the wheel, as pretty much all's been said already - but may as well add a little technique which has been of use to me at times. As things can sometimes be a little fickle in the mechanical adjustment department (and this can compromise effectiveness of bleeding), it can help to isolate the hydraulic pressure/air issue completely first by placing G-clamps on each wheel cylinder and then bleeding. Once satisfied that no air is in the lines (and of course the master cylinder pushrod has to be adjusted correctly and everything in good condition), then move on to connecting up the rest of the brake components and go from there.
Cheers,
John

