A fish alarm system 100 comprising: an alarm toggle switch 110 in combination with a tension clip 130; an enclosure 150; an alarm 160; and power source 180; wherein the alarm toggle switch 110 may include an at least two position switch, having an alarm toggle arm 112 disposed through the enclosure 150 attached with the tension clip 130 such that a fishing line 310 may be inserted in the tension clip 130 whereby as the force on the fishing line 310 increases, the tension of the tension clip 130 may allow the alarm toggle arm 112 to move from an off position 113 to an interim or bite position 114 for activating the alarm 160, from the interim position 114 to a hook set position 115 for hook set and possible second alarm, and then release the fishing line 310 from the tension clip 130.