First coat is gold, apply striping tape, then shade in everything that's black, then three coats of Candy Red over the whole thing finished off with a couple heavy coats of clear...
To get the shading effect (with the black) just crank the fluid flow back (keep air the same) so only a little paint comes out and use that to "shade" the edges... The original BMW Smoke Red is over a very dark blueish purple, and looks nice, but I prefer the black...