There are quite a few things that can cause errno 150, so for people searching this topic, here is what I think is a close to exhaustive list (source Causes of Errno 150):
For errno 150 or errno 121, simply typing in SHOW ENGINE INNODB STATUS, there is a section called "LATEST FOREIGN KEY ERROR". Under that it will give you a very helpful error message, which typically will tell you right away what is the matter. You need SUPER privileges to run it, so if you don't have that, you'll just have to test out the following scenarios.
1) Data Types Don't Match: The types of the columns have to be the same
2) Parent Columns Not Indexed (Or Indexed in Wrong Order)
3) Column Collations Don't Match
4) Using SET NULL on a NOT NULL Column
5) Table Collations Don't Match: even if the column collations match, on some MySQL versions this can be a problem.
6) Parent Column Doesn't Actually Exist In Parent Table. Check spelling (and perhaps a space at the beginning or end of column)
7) One of the indexes on one of the columns is incomplete, or the column is too long for a complete index. Note that MySQL (unless you tweak it) has a maximum single column key length of 767 bytes (this corresponds to a varchar(255) UTF column)
In case you get an errno 121, here are a couple of causes:
1) The constraint name you chose is already taken
2) On some systems if there is a case difference in your statement and table names. This can bite you if you go from one server to another that have different case handling rules.