This paper aims to investigate the ethical implications in narrative to bridge the gap between theory and practice, drawing attention to religious ethics as a poetics of possibility. Based on Peirce's account of truth and reality, a pragmatic method of narrative inquiry has two dimensions: narrative reading as ‘attention’ and narrative writing as ‘co-authoring’ and ‘co-remembering’ by way of mutual recognition. First, narrative as reading is investigated through the idea of the Universe as 'God's great poem' in Peirce's terms, in which narrative imagination is geared to figure things out in themselves, being detected by way of the moral sentiments of empathy and sympathy. These sentiments comply with the concept of self-assertion as semiotic subject, being capable of experiencing otherness. Second, narrative as writing is considered as reminiscing by remediation of the past, re-presenting the world by way of the logical sentiments of love, belief, and hope. These sentiments are tied to self-control, leading to altruism by co-authoring.This hypothesis on narrative reality combines reading narrative through subjectivity with writing narrative through agency where moral sentiment is combined with the logical sentiments as a scientific method on narrative truth. Thus, this paper demonstrates the transference from narrative reality, which is associated with a vague and indeterminate sense of narrative meaning, to narrative truth which is determined by way of narrative argument, generating narrative meaning-truth. In this regard, verification of this hypothesis will be confirmed in narrative meaning-truth in life, which actually emerges as the narrative therapeutic effect through practice.