Semi Transparent

Step1: Type your text.

Step2: Put a selection around your text. Hide your type layer. Click on the background layer.

Step3: Press apple + J. Click on your layer styles and choose drop shadow. Click directly on the words inner shadow. Next click on the words inner glow. Click OK.

Step4: Drag your type layer into trash.

Step5: Click on your background layer into the layer. Hold down the Apple key+ L to brighten your background image.