On Asus boards the red lit led lights in any section relate to a problem with the device connected to the motherboard.
The red lit led light for the graphics card when lit is saying the graphics card is not detected in the pci-e card slot of the motherboard.
The reasons for this are because you have connected the 24 pin main Atx power block from the Psu of the system.
But you have not.
A: connected the 12v eight pin E-tax power block, 12v Eps power block to the motherboard from the Psu.
B: That you have not connected the required power from the Psu of the system from the provided 12v Pci-e power connectors to the graphics card its self.
As for the red lit Led boot light, if it is lit solid.
It is saying that no boot able device could be found, or the selected first boot device could not be booted from Shock proof.
A: The cause is in the bios the first boot device or hard disk drive is not selected correctly that contains windows os on it.
B: You have not yet installed or formatted the drive.
The Interface mode settings for the Sata ports of the motherboard are set wrong in the bios.
Ie: set to Sata, when Ahci mode should be selected.
C: That you have not connected the Sata data cable from the drive to a sata data port or connector of the motherboard, or the required Sata power connector from the Psu in the system to the drive.
Deal with the red light lit for the graphics card first of all to do with power.
And the correct setting selected in the bios of the first graphics device to be initialised set to Pci-e as the interface type.
And next of all if that light goes out after the set changes and checks for power are done.
Move on to the lit Boot device led showing and lit up red ShockProof.
If your wandering how I know, it is because I have a Asus M5A99X Evo 2.0 motherboard with the same error light signals.
A red light always indicates a problem with that bit of hardware connected to the motherboard via the interfaces of the board.
Either due to a lack of power, or incorrect bios selection for the hardware Shockproof.