Engine knock/rattle vs. fuel injectors??? Any help?, Video and description... Options

[celicakitten]

So I've had my car for three months now and still cannot figure out what this noise is! I'm by no means a mechanic but have common sense around cars, celicas inparticular. It's a mostly stock 7a-fe with 194k and 5 spd tranny. The car runs fine, and since I've had her changed the oil, spark plugs/wires, exhaust manifold/down pipe(original was cracked), and have had no other problems...not even a check engine light. I can't find anything loose that would rattle, but there is a significant power steering fluid leak.

http://youtu.be/FOrH0HC7l5w

Please see the video I put on youtube to hear the noise, which is most notable on a cold start and anytime I'm constantly holding revs over 2500rpms, but will stop if I floor the gas or let off it completely...It's very annoying on the freeway(but isn't noticable with the radio on! ha!). I'm thinking maybe a bad piston ring, or possibly something in the fuel injectors??? I should also say the noise does seem to emit from the passanger side of the engine bay. I'm worried it may be time for a rebuild as I do not know how the previous owners treated her. If that is the case my biggest challenge would be finding someone I trust to do the work, but I'm sure you guys can help point me in the right direction for that!

[Box]

Definitely sounds like valve-train. I had a 3000GT that had valve-train issues and made a similar sound to yours. Though with my 3000GT the noise was constant. I found using Rislone made it quiet again. Odds are what happened to your car with it burning oil, the previous owner let it get low and the top of the engine was starved of oil. Best you can hope for is a stuck lifter. If not it's something with the camshafts, or valves. The 7A-FE engine is notorious for stuck oil rings, and therefore oil burn. Most likely is the cause of your oil burning.