I was practicing with my homemade beauty dish last night and started having issues with my 430 EX II. I'd take 2-3 pictures and then it would stop working. I thought maybe using it at full power it just wasn't recycling fast enough so I switched it to a lower setting. That also didn't work.
I thought maybe it was the batteries. I switched those out and it worked for 2-3 shots again, and then stopped working. Meanwhile I put the batteries I'd taken out of the 430 EX II and put them in my YN-560 and shot off 15 or so shots without a single misfire just to see if the batteries were the issue and clearly they weren't.
Then I thought I'd try the 430 out on my camera and take some on-camera flash shots and it worked perfectly! I a little bit slower then the 560s, but not too bad.
Could the problem have been with the triggers (Cowboy Studio NPT-04s)? I used the same receiver on the YN-560 when I was testing that and it worked just fine but now I'm wondering if there's an issue with those receivers and the 430. Or was my flash just being a jerk for me last night?

