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Well said! That's exactly what I was thinking and hoping... That if my idea is not the problem, maybe a real geek with chime in and fix it. Anyway, here goes...

There has been some new additions to Google's algo announced just a few days ago. Emphasis on "Announced", who know but Matt Cutts on how long it has actually been active, right?

They (Google) have started targeting anything that "they consider" bad, misused, search terms. Two such terms are "PayDay Loans" and anything that "They Consider" to be of a Pornographic nature.

Although your site is a classy photo studio for private "Intimate" photography and not a porn site, it does have semantic terms on the site that "They May Consider" worth lowering just a little.

Below is a link from which I got this info and formed this theory. This is probably not the problem since I'm not a big-shot and no big-shots have mentioned it, or they "have" mentioned it but found out to not be the issue. But I'm having fun with the exchange and hope to learn more myself... Just like you said above.

Here's the link (I hope)

http://searchengineland.com/google-pay-day-loan-algorithm-google-search-algorithm-update-to-target-spammy-queries-162941

-Gary.

Oops! I meant to add this quote from the page,

Google has officially launched a new search update to target “spammy queries” such as [payday loan], pornographic and other heavily spammed queries

Sorry to see your rankings going down. It's obviously not the "shake down" thing I was referring to.  However...

I looked at your site after looking at your graph and think I may have found something that could possibly be a contributing factor to your rankings issue.

In my home town I'm a seo big-fish, but here on "The Moz", I'm just a wee lil minnow, so I do not claim to be an SEO Jeenyus outside my physical area. That being said,

Do you mind if I share with you what I think I see to be a possible issue? I don't want to offend you or anyone by coming across as a self proclaimed super-geek, this is why I'm asking.

-Gary.

I admit that I don't know your whole situation. But based on my own experience with Local SEO I can say this...

I can very often count on Google to Severely Drop the ranking of the site and or the individual site-page shortly after I do a medium to large amount of SEO Tweaking on the given client site.

Personally I call this "The Google SEO Shake Down" (not sure where I got that term). I don't know if they do this on purpose, but it is predictable like clock-work, so I can only assume there really is something to this "Google SEO Shake Down" idea.

This DROP In Ranking only lasts a few days to a week or so (for me so far).

If your ranking problem has been less than two or three weeks, I would suggest to just stop all your activity and play the waiting game with Google for 5 days to as much as 3 weeks (usually 4 to 7 days, but does vary). If this is the "SEO Shake Down", your site will pop right back up. However, if this has been going on for over 3 weeks, I'd think there is a more serious problem.

Parting Thought:

I frame this "SEO Shake Down" in my own mind like this... Google does this in order to see if there is an SEO spammer that may panic and throw a bunch of spammy SEO tactics at the site. This has worked well for me so far without fail! When I see a big dip in ranking just after doing some SEO tweaking I WILL always stop and wait... So far, the rankings have always came back.

I hope this helps to shine just a little more light on your situation. No one has taught me this, I'm only speaking from my own personal experience alone. But since this so far has been absolutely 100% predictable, I figured it wouldn't hurt to share.

-Gary.

Up Date: I forgot to mention that the "SEO Tweaking" mentioned above is "On-Page" SEO only. OFF-SITE back linking may be a different beast all together! Cool?

Sorry to see your rankings going down. It's obviously not the "shake down" thing I was referring to.  However...

I looked at your site after looking at your graph and think I may have found something that could possibly be a contributing factor to your rankings issue.

In my home town I'm a seo big-fish, but here on "The Moz", I'm just a wee lil minnow, so I do not claim to be an SEO Jeenyus outside my physical area. That being said,

Do you mind if I share with you what I think I see to be a possible issue? I don't want to offend you or anyone by coming across as a self proclaimed super-geek, this is why I'm asking.

-Gary.