1. Create new document; RGB; 72 dpi; bgcolor #660000
2. Type your text (72 pt or more) on a new layer.

3. Apply my Layer Styles:

Color Overlay: #FFFF66, Normal, 100% opacity

4. Now let's set Bevel and Emboss.

Inner Bevel;
Smooth technique,
Depth 100%
Direction: Up
Size: 13 px
Shading: angle 120°, Altitude 70°
Highlight Mode: color dodge, #CC9903, 74%
Shadow Mode: Multiply, Black color, 90%

Antialiased.