That's the way I do it and yes you found the sensor to remove to allow a full flush.
Start by emptying the radiator. The drain is on the lower right rear side of the radiator. Close the radiator drain. Then remove the sensor. Then add water to the coolant bottle and allow coolant to flow out of the sensor hole until the water is clear. Drain the radiator again. Repeat if in doubt and drive the car with water only, the radiator drain closed, and the sensor reinstalled to get circulation if you repeat. Drain the radiator one more time, close the radiator drain, and add coolant to bring the mixture to 50%.