Not able to connect Android Wear Emulator with Device

@Lance Nanek basically helped me solved this problem. In case you had the similar problem, these steps might be helpful.

1. run ‘adb devices’ , you should see two devices, one is your
   emulator, the other is your device with Android Wear Preview app
   installed.

2. you might see your emulator offline, if so, kill the emulator. From avd, start it, carefully uncheck ‘launch from snapshot’ – this
   is contrast to Android Wear Get started instruction: “Start the AVD
   again, but select Launch from snapshot and deselect Save to
   snapshot.”

3. run ‘adb devices’ again, make sure you do see two
   devices online
4. run command ‘adb -d forward tcp:5601 tcp:5601’
5. from the android wear preview app, tape connect, you should be ready
   to go.