looks like he actually uses 3 colors on the blood rather than 2. Looks like he put a small drop shadow on it, inner shadow. bevel&emboss and changed the gloss contour to 'cone' with contour with a range of about 50% and added a texture to the bevel and emboss, not sure what pattern he uses for that.. Also Satin, with cone - inverted contour and what i think is a multiply blending mode.
It's really hard to see though the actual settings for it though and not knowing his image size it's hard to guess on some of the bevel and shadow sizes.. I would ask him on his youtube page or message him privately, he seems fairly active in responding to comments.
try downloading these 2 free styles and dissect them and play around with the settings till you come up with something, it will be good practice
http://www.adobe.com/cfusion/exchange/i ... id=1044909http://www.peterplastic.com/2009/10/blo ... photoshop/ I think I have a blood style already made here, i'll take a looksie and if I do I will post it for you to download so you can see how I did it