Soak time depends on thickness and forge heat output. If the billet I was welding was the better part of an inch thick, I would give it a minute or two after it looks good before I try setting my welds. This is a first heat only thing. I don't worry much about it on subsequent heats as the core cools less quickly than the exterior. Temperature is hard to describe, but bright yellow is the general answer. As mentioned, you are reasonably looking for a temp north of 2100F. There is not 100% visual cue until you are used to your forge. Sparking on the exterior (really the steel is burning rapidly in air) is a decent visual cue, and you can weld at these temps, but it is hotter than you need, and depending on your forge may be nigh on impossible. If you are running coal, sparking is a good judge, in a propane forge, you probably wont get there. Moreover, flux, to some degree, will prevent the sparking by shielding the steel from O2. If you are running a reducing atmosphere, that will also limit the sparking inside the chamber.