Says Im connected but yet its not working

Ok so I have my domain through godaddy and host through qualityhostonline. I put in my login and password for qualityhostonline. Then I click and wait and it says its connected but yet all I get is an hour glass and nothing happens. Im waiting to see the htdocs folder so I can transfer my stuff...correct?? Here is what it says.....

[19:39:11] SmartFTP v2.5.1006.48
[19:39:11] Resolving host name ""
[19:39:11] Connecting to Port: 21
[19:39:11] Connected to

What am I doing wrong??