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1. Type some text. I used: TG using the font "Lucida console" the font color doesnt matter so just pick one.

2. Now go to Blending Options (Right-click on text layer). Select (and modify) the following:
Dropshadow, color to #4B6B95 Innershadow, color to #304B98 Outerglow, color to #44CAFE Innerglow, color to #314E9A Bevel and emboss Contour, now just double click on the little box and you'll see something like this:

3. Create 2 more points to have a total of 4 points and give them the following input-output values: point 1: input: 0% output: 0% point 2: input: 27% output: 4% point 3: input: 59% output: 56% point 4: input: 100% output: 99% You'll see something like this:

4. Select satin, change the color to #60ACFF and change the contour to "ring". And finally select color overlay and change the color to #B7E1F7.

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