Meh, you've got an interesting timeline there, but one that isn't very popular. The timeline used by most people who support the theory that all Zelda games are linked (no pun intended) is this:
Ocarina of Time: The first Link is born and Ganondorf is still human. He tricks Link into letting him into the Sacred Realm and grabs the Triforce. However, since his heart is not in balance of the 3 virtues (Courage, Wisdom, and Power), the Triforce splits, leaving him with the one he most believes in, the Triforce of Power. He uses it to conquer all of Hyrule, but he still searches for the other two pieces. Link returns wielding the legendary Master Sword and, with the help of the Seven Sages, defeats Ganondorf and seals him in the Sacred Realm, which he has corrupted.
Majora's Mask: On an alternate timeline after Zelda returned Link to his childhood, one where Ganondorf didn't exist because he was already defeated. He is transported to a different dimension and must save that world, and his own, from being destroyed by a falling moon. Same Link as OoT.
Wind Waker: Takes place either 100 years after OoT or hundreds of years (both are said). In an earlier time, Ganondorf/Ganon returned and reaked havoc across the land unchallenged. Since no other help would come, the Three Goddesses (Din, Nayru, and Farore) flood the land of Hyrule. After a while, Ganondorf reclaims his power and a new Link arises to defeat him.
A Link ot the Past: Presumably takes place thousands of years after OoT. An evil wizard controlled by Ganon from the Dark Realm (previously the Sacred Realm) is trying to get him back into the Light Realm. Yet another Link comes to combine the power of the descendants of the 7 Sages to defeat Ganon once again.
Link's Awakening: Link grows weary of Hyrule and sails off to a distant land and washes up on a dream island where he must stop an gian fish from awakening (I think). Same Link as LttP.
Legend of Zelda: Ganon has returned and has split the Triforce into 8 pieces. The 4th Link must collect each piece and defeat the evil man once and for all.
Adventures of Link: I'm not real sure about it's story- I haven't played it in so long, but it does encompass the same Link as LoZ.
As for the Oracles, I have no idea where they go. I've heard some people say After LA and using the same Link as LttP, and others say after AoL and using the same Link as LoZ. I don't have a clue either way.