Are you after 'streaks', or 'stains'?
Two different looks requiring two different methods of application.
A streak is more defined, being obvious to the eye, a stain starts out as a heavy blotch at its point of origin, and filters down to a light 'stained' look, following the flow of water etc.
For a streak, just paint light strokes as required, using acrylics and allowing a few minutes drying between strokes.
For a stain, place a drop of colour where the rusty point is, and allow it to dry.
Afterwards, take a clean, fine brush of decent quality, and dip it in some thinners, you want the brush to be 'moist', not sopping wet!
Work in gentle strokes following the flow of water, and work in that direction only.
Gently draw the brush from the paint downwards, then wipe your brush, and do it again.
The thinner will slowly reacticate the dry spot you made, and allow for light amounts of the paint to flow with the brush.
Stop when you acheive the look your after.
BTW, oil paints work best for this.
Hope this helps!