A strike indicator fishing system comprising of a means of visual notification of a fish strike that is easy to quickly set up using magnet line securing means. The system has a signal flag that is placed in a pre-strike position by connecting it to a fishing line by using clasp magnets to grab and hold the fishing line. The fishing line is also passed through a slip bobber containing an anti-freeze material to prevent icing of the fishing line that would interfere with the fish strike indicator.