ok well anarchy was asking me how to do transparent text with a stroke.....
ok ..... open up a new document any size:
and type what you want to be trainsparent:

then go to layers>Layer Style>Stroke
use any setting and use any colour..... i used this.

i ended up with this.....

now go to the side and put the fill all the way to 0 (it's under opacity)

next it should look something like this!

lower the opacity and change the colour of the stroke an the size.... play around with it until it looks good.......