Step 2

No take your text tool(T) and type any text big enough for you see clearly, pick a text that isn't grungy or hard around it's edges by more of a smooth one (Arial works fine) I used "reservoir grunge" at size 40px. Make sure your foreground color is white so your text is white right now.



Step 3

Now time for blending options (right click the text layer and click "blending options")

You can use my settings or something similar to it. Playing around with settings gives best results.

Inner Shadow color: #ffffff


Bevel highlight color: #3e3e3e


Satin color: #000000


Gradient color: Leave as default (black and white)


Stroke gradient color: 3a3a3a - 444444 (left to right)


After blending options



Step 4
Duplicate text layer, select one of the text layer and name it reflection.
Go to Edit >> Transform >> Flip vertical



Grab a big fuzzy brush eraser (E) and erase the bottom of the reflection and other parts until it is faded away. Then lower reflection opacity to a low amount. I erased and lowered to 12% (Make sure to rasterize the layer)

End Results


For the heck of it, here's what it looks like when inverted (new layer, image >> Apply image, CTRL + I)