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To be blunt, it's unrealistic for you to expect to receive the one thing you need to recover from Panda in this forum: a detailed site audit to identify all PANDA triggers. If you are serious about getting to the bottom of the issue, I'd recommend scheduling a penalty consultation with a professional. What is clear from your graphic is that you did appear to be hit by EITHER or BOTH Panda 21 or the EMD update which was pushed through in September. You also have made what appears to be substantial changes to your on-site content and your backlink profile. However, that doesn't tell I or any SEO professional for that matter ANYTHING about these metrics (all of which are incredibly popular on Panda-afflicted sites): bounce rates greater than 60% average site visIts of less than 90 seconds slow page speed times (or pedestrian scores on the Google Insight speed tool) a very weak backlink profile (with a PR 1 and a DA of 23, I'm sure this is an issue) a lack of social signals (check out http://howmanyshares.com/, your totals are pretty low) your current attention to on-page content and user experience Further, we also don't know if you used the Disavow Link Tool correctly, Disavowed the RIGHT links, or fully identified the internal linking issue you "think" caused the problems. Only a full site audit by an independent is going to find full answers to the above. Finally, I can't find you ranking ANYWHERE for the phrase "travel tips Thailand" which is your EMD domain. So explain to me again why you don't believe you were affected by this update as well? Or have you always not ranked for your own domain? That's my two-cents. Definitely consider going the professional route. Google has already pushed through TWO Panda updates/refreshes since September. So if you haven't noticed an improvement since then, you clearly still have issues to work on. Good luck and Happy Holidays just the same!

Check Google's Webmaster Tools for the website. Go to Health > Crawl Errors ..then click on the "Not found" box to display the list of URLs that are returning 404s or 410s.  Now click on any of the 404 URLs and a pop-up box will appear with three tabs. Under the "Linked to" tab, they usually indicate how they found that URL (whether from internal or external pages). It sometimes lags with the updating though.