Amazingly done! The dragon especially is very well done with the layers and textures. The fire is very awesome as well, it's very bright and hot looking with a nice style about the shape of the flames.
now that´s amazing! the mage is really lucky that he is able to block that fire! good job on the horse too! that picture is so vivid that i almost stepped back from the screen not to get involved! how long did you work on that?