You cannot catch a Carp, Bream or Pike with this fishing rod, in fact it is not even meant for that. The silvery glow can be spotted under the water by even the weak sighted Golden Orfe in pitch black darkness and the bait taken. You just have to hope that you do not get an ordinary hungry Habus: these fish often swim by the same coasts - instead of an Orfe... How quickly you catch this uncatchable fish will depend on your skill.
Using this item reduces your agility, protection, intution, and protection from mana by 50%.