When I say the “story” of the market and the “emotion” of price, I mean that price literally does reflect market participants’ emotional actions in the market, but also that price action almost takes on a “personality” of its own and tells a “story”. This is basically what you are doing when you make a daily diary of what’s happening in the market; you’re getting familiar with the market’s price action and current conditions and then once you have this bias and “story” down, you can simply wait in anticipation of an entry signal that makes sense with your market bias.