Yes, good OP Julian, you're on the way. And great post from Tim as always.
Don't get too bogged down on the detail of the histogram. I just break it down into three zones - highlights, mid-tones and shadows - and always have blinkies enabled (highlight alert, fantastically useful).
The key to it is knowing what a mid-tone is, and making sure it's in the middle. Mid-grey is 18% grey, or thereabouts. Best way I can describe it is elephant grey, and you'll often find that green grass is about the same, some tarmac is, brick walls, that kind of thing - all good references and ones that often take up a decent area of the image resulting in a larger and therefore more easily identifiable bump in the histogram. If you can identify the mid-tones in the image and tie them up with a bump in the middle, you're sorted. That is the basis of technically 'correct' exposure and if you output as a JPEG straight from the camera, it will be exactly right.
However, once you've nailed those mid-tones (and providing you're post processing and preferably shooting Raw*) you can then start to juggle things about and use ETTR technique, or know how to handle situations that don't have nice big areas of mid-tone, or with extremes of dynamic range.
That's when you need to look at the ends of the histogram - maybe move them left/right with deliberate under/over-exposure, fit a graduated filter, add a dash of fill-in flash, consider HDR technique. But it all starts with knowing where the mid-tones in the subject are, pinning them to the middle of the histogram, and then making either technical or creative decisions to change things around and get the result you want.
*In exposure terms, the biggest difference with JPEG vs Raw is the in-camera JPEG will chop off about one stop of highlight detail right at the top. Learn your camera, do some tests and find out just how much Raw highlight room you've got at the top. Note that picture styles affect both the histogram and blinkies, particularly the contrast setting - turn contrast down to get closer to what's actually on the Raw.