That's right. You got it.
I snapped some pix for you below. From the top, the hose that's disconnected is the hotpipe. It's disconnected because my turbo is out right now. The other hose is your coldpipe. The blue silicone taps the coldpipe for your wastegate.
On the bottom view, the CBV was removed and the piping capped.
P.S. Don't mind the pink slippers. I swear they're not mine
