Thanks again everyone for the responses and I just received the imax b6ac but i have to admit it is more complicated then what i recall as a kid and simply plugging the battery in and hitting the single charge button.
This is the battery i have: HobbyStar 3700mAh 7.4V, 2S 100C Hardcase "Shorty-Lite" LiPo Battery
There is some call out to setting the voltage within the instructions but i don't see in there that it states 7.4v. I do see the 3.7v. do i use that? Do i use this balance option or what is that for? discharge? Hoping someone can give me a quick lesson to not destroy something or burn my house down.