Final Product:
OK first off all create a new document 300*300
Set the background to: #D4D0C8 and fill it in
You should now have this:

Then using the Elliptical Marquee tool create a big circle about 2/3 of the image
and then fill it with this: #FF0000
And fill in your circle so that you have something similar to this:

Ok now create a cicle again about 2/3 the size of your circle
like this:

Ok and now se your foreground to white
Then select the gradient tool and set it to Foreground to Transparent

And fill it in from the top to the bottom, like this

Now , i kknow youve seen this done before butim not done yet
Go to Layer>Layer Style>Blending Options and then Deselect the "B" in the Channels like this:

Ok now you should have something like this

Almost done
now using the elliptical marquee tool again create a selection about 2/3 of the orange circle we jsut made, like this:

Now fill this in again with white using the same technique as above this time dont do anything to the blending options.
So you have this

Ok, now you can leave it like this but
You can add two two lens flares which make look like its reflectin the light
so select you red circle(second one) layer and add two lens flares like this

and

And thats it you should have something like this :

Thanks and hope you enjoyed, please comment...
