It sounds like that the plug wires are out of order, the number 1 position on the rotor button can point anywhere depending on how the engine is built. The firing order should be 1-4-3-2 clockwise, like Gasman said you just need to take the #1 plug out and bump the starter until it blows your finger off of the hole then you're pretty close to finding the #1 compression stroke and also look on your engine pulley and see if it has any timing marks then use a wrench to turn the nut on the pulley until it lines up with the mark on the TDC position. If it does not have any marks at all, use a long, phillips screwdriver and put it inside the hole where the plug goes and turn the pulley with a wrench until you "feel" that you think you are on the TDC position and then look at your rotor button to see where its pointing at and then make sure your firing order is correct, don't forget to mark your pulley once you get it TDC first if you don't have one so you can use a timing light to set your proper total timing set. That should get you pretty close to getting that engine figured out. I recommend to use a timing light that has a tach and degree control built into it like this one.......
http://www.jegs.com/i/Equus/390/3568/10002/-1 This is a very nice timing light, you can set the degrees on whatever it supposed to be set at and it will line up with your true TDC mark, if not, you can adjust the distributor to where it needs to be then you good to go, the tach also plays a role into setting the timing as well so you can see how high you're revving the engine without going too high as well.
