Ahh I'm following you now. I use a mixer and do my own monitoring so I was on a different page ^_^
Again this might not pertain to you but in my particular version; to monitor what is being currently recorded I have to activate the record feature right on the track prior to clicking the record button. Right next to the track icon is a 'Record Audio' that I can click to highlight; if I click it again it changes to 'Record Midi'
When I click these it does just what you say and monitors that track as I record.