The ever changing nature of the Laxa from one bend to the next is part of its charm. There are no mayfly or caddis hatches, but the always-present m'y hatch all summer long, often producing swarming clouds of insects and occasionally making it possible to bring browns up to the surface with traditional dark dry flies like the Adams and the Black Gnat, during spells when the persistent wind diminishes to a mere breeze. Icelandic anglers favor small, dark wet flies like Peter Ross, Teal & Black, Connemara Black, and Peacock Spider, and everyone relies at one time or another on streamers -- Black Ghosts and Mickey Finns are favorites -- plus assorted Woolly Buggers, Zonkers, and Matukas. Beadhead nymphs fished with split shot and an indicator can also be productive. Fishermen who carry floating, sink-tip, and full-sinking lines, or a selection of shooting heads, and religiously change their lines to match the speed and the depth of the river, usually outfish everyone else on this extraordinary brown trout water. weighing almost 10 pounds, from the same piece of water. As we stood there savoring our good fortune, a much bigger trout with a clearly visible hook jaw leaped in the middle of the river. We worked him over with Siggi's 121Â¿Â¿2-foot, two-handed rod and a dozen or so fly patterns but never hooked up.