minijay- You wont be using the orange wire since you are using the silver can. Just hook up the yellow to yellow, blue to green.
As for setup, I'm just going by memory so I hope this is correct. Once you have your motor and battery connected, you want to make sure that the TBLE's LED is lit GREEN for your silver can.
Then push the setup button once on the TBLE, it will flash RED slowly, pull your transmitter throttle trigger all the way (forward throttle caliberation), then press the setup button again, it will flash RED rapidly, push your throttle trigger all the way forward (brake/reverse caliberation), then push the setup button again to end setup. That should be enough to get you going for now.
Make sure you take the time to read the TBLE manual though, I know it can appear frustrating. Majority of the features listed in the manual are for brushless motor setup though.