STEP 2 Move your text around until it's sitting the way you want. I placed some red squares, which helped me to line the text up in a square. I removed the red shapes once I found the right composition.
STEP 3 To complete the typography, connect the letters by simply using the Pen tool (P) to draw the connection you desire. In this case we just need a couple of oblique rectangles. You can use the Pathfinder to merge them all together. Now we have our finished typography to work with.
STEP 4 In this step we're going to add a fade effect on some of our letters. First, create two white triangles. Take the Pen tool (P), and create a triangle with a flat side on top, and sharp side downwards. Duplicate this shape and place the triangles straddling one side of the letter.