1) Make new file with your own sizes. Now with the type mask tool type a text, I've used "FireText", then fill it with black. Please, use BLACK, #000000, dont use red, blue or any color what run throught your head. <--- Make it easy for you.
2) Now go to Filter -> Stylize -> Find Edges, then Press CTRL F to do it again.
3) Press CTRL I to Invert the image. Go to Image -> Rotate Canvas -> 90° CW.
4) Now go to Filter -> Stylize -> Wind -> From the RIGHT. Press CTRL F to do it again.
5) Then go to Image -> Rotate -> 90° CCW. Now press CTRL U and check colorize, use this colors or find your ones: 15 - 100 - -9
6) Now Press CTRL L and use this levels: 0 0.63 107... you can try with something diferent but that what I've used to my tut.
And now you're done... ! My final effect:






More Photoshop: