Nearly ready?

Hey all, my DD I only 16 months so I wasn't planning the toilet training thing for at least a couple of months, however I am thinking that she is starting to get a good understanding of when she is going to the toilet.
If she does a lot of poos in one day she has started telling us when she has done them so we can change her and can also tell when she doing a wee. She is fascinated with watching me go to the toilet (no privacy!) and last night she was running around with no nappy and when DH asked her if she needed to wee, she proceeded to squat and do it on the floor! It was completely unexpected and she was very proud of herself after!

So I guess I am asking, are these all signs that she is nearly ready? I think it's still to early...we have a potty that I was thinking of just putting in the family room so she can start getting used to it but I dunno....
Xo