yes its the correct method.
If your master cylinder is on the drivers side, u do passenger side rear wheel 1st, driver rear wheel 2nd, pass front 3rd and finally drivers front.
If the cylinder is on pass side, u do drivers rear 1st, pass rear 2nd, drivers front 3rd and finally pass front wheel.
Easiest way to do it is to buy a break bleeding kit which just screw on to your cylinder and u fill it up and wen u loosen the bleed nipple , as its connected 2 ur tyre, the pressure will push it throught he pipes and your brakes will be spot on.