I used this recipe on my Galadhrims red Cloaks.
  - Base coat   Mephiston Red  use thin coats to build up a solid colour.
 - 1st highlight   Evil Sunz Scarlet  use thin layers on the raised areas of the cloak to build a middle highlight.
 - 2nd highlight   Wild Rider Red  use sparingly only on the sharpest, highest edges as a top highlight. 
 - Shade   Carroburg Crimson  wash the recesses in carroburg crimson. You'll need 2 layers to darken the red and add a purple hint.
 
Recess shade   Drakenhof Nightshade  run nightshade into only the deepest recesses and line in any hard shadows.