Hello its been a while since we have had one of these, I thought it would be fun to start one since I have seen quite a few members inquiring about Colored Pencils. So, to get things started I decided to start at the basics. A wise teacher told me once to hand over to her my "black pencil". The rule was to use different colors and experiment in swatches ( little scribbles on scrap paper) and create my darks with the colors of my reference. Hence, the no need for black, with it being made out of primary and secondary colors combined. ( Thanks Jeanette!!!)Now I am providing some basic information about Color Theory and The Color Wheel. After you read it I have a few exercises put together for you all to try. When finished post so we all can see. I also put in a color wheel that is blank that I drew last night for you to use. Simply, right click the picture, click save as, and save it with the name to somewhere where you can find it on your computer. All work must be done in CP ( Color Pencils). Other than that, lets have some fun!!
Understanding Color Theory and The Color Wheel
Lets start with a little history of how Color Theory came about. Back in the eighteeth century, Isaac Newton studied the colors of the light spectrum and came up with a system arranfing them in a continuous wrap around cycle caled the Color Wheel. Theorist later refined Newton's color schemes and came up with the basis of Primary and Secondary colors:
Primary Secondary
Red Orange
Yellow Green
Blue Violet ( Also variations of these colors)
Primary colors are the basis of all other colors in the spectrum, whereas, secondary colors are created by combining primary colors.
Complementary colors are the opposite of a color on the color wheel. ( For Example, the complimentary color to red would be green, yellow would be violet, and blue would be orange.
Tertiary colors would be the compliemts of Primand and Secondary also located as exact opposites on the Color Wheel. ( Examples would be blue-green, yellow-green, or orange-yellow.)
Color compliments are very important. When you place compliments side by side it creates a good intensity for your art work.
In the nineteenth century, two men Johann Wolfgang von Goethe and Charles Hayter did their own studies and publisized an advanced theory about warm and cool colors. Where they made the color wheel feel warm on one side and cool on the other.
The color wheel is based on twelve basic and combined colors.
Warm colors give a feeling of warm and is best remembered when you think about " A fiery scene or summer weather' for example, and cool color would remind you of cold " Like a dreary winter's day with no sun", for example.
Warm Cool
Yellow Blue
Yellow-green Blue-green
Orange Violet
Red-orange Red-Violet
Warm colors make artwork seem as if the colors are close and coming towards the viewer, whereas cool colors make a picture seem like the image is recieding away from a viewer.
Putting It All Together
Now that we have the basic information done on the Color Wheel and understand a little better, Exercise One..is to just using Primary and Secondary Colors, select them from your colored pencils and fill in the color wheel I provided.
After you finish Exercise One, Exercise Two...is to make color swatches using your Primary and Secondary Colors together.
Exercise Three...is to use the Tertiary Colors and cobine them in color swatches with the complimentary colors. ( Doing this you will be combining a total of four colors together rather than just two, like the Primary and Secondary Colors.)
I hope you all enjoyed this little learning exercise, as much as I enjoyed creating it. Every once in a while I get a nitch to refresh myself on the Color Wheel as it is really important to remember when doing Colored Pencil art work. Knowing correct color combination can make a piece of art work stand out, where not knowing can really break a piece. No one ever wants that. Remember....HAVE FUN!!!!
Its not a same nice like with simple color pencils, but here i found a some charm too....
OMG, you all have done such a wonderful job!! I love seeing all of your wheels and tertiary swatches!! 
Wow! ...its so Clear and Nice done! I love very much Ur Color Wheel