hey steve --
Just to elaborate on what Jason said...
He told you "don't worry about numbers," and "block FE27 and higher and dig everything else..."
He is saying that because on Minelab FBS machines, there is a noted tendency for the FE numbers to begin creeping higher on deeper targets, especially in iron-mineralized soil. Instead of that 3-5" quarter reading 12-46, it might start displaying a bouncy, higher-trending FE number -- up into the teens...or sometimes even into the low to possibly mid 20s (meanwhile, thoguh, your CO number will remain in a tighter range, generally say 44-47). Some newer users of FBS units interpret that "bouncy" FE number as being indicative of junk -- but often, it's NOT. If it's a consistent signal from all directions, hits solid, has a good CO number, but is bouncy/high on the FE numbers, and shows as being beyond 6-7" on the depth meter, DIG IT!
One other thing I like to do (on my Explorer -- but you can do the same on the E-Trac) is run my gain down some...this way, I start to get separation (volume-wise) between the shallow/large targets, and the deep/small ones. I like to run my gain so that coin-sized targets beyond about 7" sound quieter/softer than the shallower ones. That way, when I hear that nice, warbling, repeatable, but quieter/softer sound, I KNOW it's a deep target. At that point, I check the screen; I'm looking for a CO number in the general range of the targets I'm hunting -- but not really caring much at ALL what the FE number may be, as it bounces around in the teens (or low 20s).
Hope this helps...
Steve