No, that is not correct.
Here is the procedure (for the F23 5-speed manual trans)..
You drain the fluid by removing the most bottom bolt (the drain plug), then, when all of the fluid has come out, you will put the drain plug back in. Now, remove the plug above the drain and leave it out for now. It will come in to play later.
Now, the fill plug is on the drivers side, right on top of the trans, you may have to make your way through some coolant hoses/harness/vacuum lines, like a explorer lost in the woods, and you will find it.
Remove it, when you find it. Now, use a long, skinny, funnel and place it in the hole. Fill up your trans, and WHEN IT IS GETTING FULL, you will notice that some will be coming out of the hole above the drain (the plug I said would come in to play later, remember?). You can now put that plug back in, take your funnel out of the fill, and put the fill plug back in.
You have now CORRECTLY changed your trans fluid.