Looking at your diagram, I have come to the conclusion that I have definitely had way too much vin rouge tonight.
Oh and the little orange circle is a capacitor.
If I was you I would read up a bit about wiring and electrickery before you go and give yourself a nasty shock. HoHoHo can you see what I did there!
There are plenty of sites on that there interweb thingy dealing with guitar wiring and plenty of advice on soldering components. I'm twelvetetwo and some of my wiring still turns out shitee.
If you are unsure about a guitars wiring and are not competent in wielding a multi-meter or not sure which end of a soldering iron to hold, I would strongly urge you to take the guitar to a professional to have it looked at. Take them a cake and ask them about it (the guitar, not the cake silly), they'll only be too glad to give you advice.
Your diagram doesn't show if the lugs of the volume pots are soldered to the cases, I'm assuming they are.
hey i thought the orange thing was a capacitor, but i figured i'd look even more stupid if i was wrong and called it by the wrong name.
the only guy around here who claims to do repair work looked at my wiring (when i was getting my pickup put in) and said "well, i can put in the new pickup wired the same as the old one is, but if you wanted me to wire this thing correctly, i'd have not much of a clue what to do". so you know i'm not going back to him.
as for a soldering iron, you hold the metal end, and melt the plastic to the wire, right? haha, just kidding. i've looked at instructional things and my dad can help me out a bit with the soldering.
as for the lugs of the volume soldered to the something of the other, explain what you mean in terms of i have no clue what you're talking about, and i'll take a look seeing as my guitars still open.
what i need to know is, 1. is my guitar technically wired wrong 2. will i gain anything by rewiring it 3. tips on unsoldering 4. tips on soldering that i might not know, or obvious important ones
EDIT: in possible regard to your question, i took a look at my wiring. The top and bottom most pots have the open tab (fairly certain these are lugs) bent up and soldered to the pot (or i guess i'm just seeing the casing of the pot). so i will conclude that, yes, the lugs of the volume pots are soldered to their casings.
So, does this mean that the top and bottom (in respect to my diagram, the two farthest left) are my volume pots, and the one on the right is my tone?