I've been shooting in manual mode from the second week I got my camera (about a year ago) and to this day I still get confused over exposure. I've read books and tried different pictures but I can never seem to figure it out.
My question is this:
On my 50D, I use the AF On to set my focus and use my shutter button to actually take the picture (no focusing on the shutter button). However, I'm always confused about the who exposure/light meter.
Many books explain to use a center weighted meter, point it at a middle gray (blue sky, red brick, green grass, gray card etc), half press the shutter button to lock the exposure then recompose the shot to whatever your shoting. However, I'm a little confused as to whether or not my camera is actually "locking the exposure".
On AV/TV I can use exposure lock, and get a warm and fuzzy feeling when I see the * sign show up. However on manual, the exposure lock doesnt work (which I assume is because you can manually set whatever exposure you like, again, this is confusing to me). Do most of the photographers here focus on the subject, meter on a middle gray then compose the shot or am I just really confused about the whole process.
Also, after I set my middle gray tone and lock it in by half pressing the shutter, when I then go to recompose the shot, my light meter is bouncing every which way. Even though it's bouncing all over, is my exposure already locked as I haven't taken my finger off the shutter button yet. Along with this, if I want at the moment after I lock in my exposure from basing it off the sky/middle gray and I want to lets say go one stop below the middle, do I use my other finger to turn the dial on my shutter speed control or what.
As you can see, I'm a bit confused. I'm trying to really understand how this all works and so far, I keep coming up with more questions rather then answers. I thought someone who understands all this could explain it to me. Thanks!

