Use Obey at all times. The only macros you might want are summoning macros that assign each fairy's unique skills to your hotbars to save space. I use these:

Code:
/micon "Summon"
/ac Summon
/hotbar pet "Whispering Dawn" 3 1
/hotbar pet "Fey Covenant" 3 2
/hotbar pet "Fey Illumination" 3 3
/wait 2
/petaction Obey
/wait 4
/petaction Obey
And

Code:
/micon "Summon II"
/ac "Summon II"
/hotbar pet "Silent Dusk" 3 1
/hotbar pet "Fey Caress" 3 2
/hotbar pet "Fey Wind" 3 3
/wait 2
/petaction Obey
/wait 4
/petaction Obey
These take care of everything. Micromanaging Embrace and the like really isn't necessary.