Ah ha,  possibly this__    the view shown in that thread I don't see in Home studio. One of the menu items missing is selections under Tracks. Example you cannot select global track outputs for audio or midi like you can in the bigger versions. 
 

That is the display control for the Inspector. It is similar to the modules menu in the Console view. Your track view image above still shows the Track Control Manager drop down. The image in the post I linked is probably from X3 but the drop down has been in the same place with the same key bindings since X1.

OK Ya I see, It looks a little different because of the dark background so I didn't see it. I thought it was part of the TRACKS dropdown This- 

 
But I see now what you guys are talking about.. Funny i never noticed that button before.. 
 

heberjorge
Forty nine bucks thrown away! How can a creature blindly apply effects on audio tracks? That's what the option Process Effect offers... Where is the Insert Effect option that exists in my old SONAR X1 version?
Good Bye!

"What's the fella's name on second"
"That's right"
"What is"
"You got it"
"Got what?"
"Exactly"
"Exactly is the fella's name on second?"
"No, what is the fella's name on second"
"I don't know"
"He's on third base"
"Who is?"
"Who's on first"
"I don't know"
"Third base!"
 
Makes sense to me.