I am by no means an expert, but I don't think you can use the diodes and resistors like this - the power dissipated would probably make them pop (fail, explode)! Perhaps try googleing "soldering iron temperature control circuit". You would probably use a TRIAC to controll the iron rather than resistors. Note that temperature controlled stations a more than just adjustable temp irons. The bits are almost always of better qualioty (than cheapie irons) and generally use 24V instead of 230V (better for sensitve electronics, apparently)
No, I don't think your suggested circuit is safe or functional. Try googling for schematics, when you understand how they work, you would have a better shot at making your own.