Put all ingredients except the pecans in a 3-quart saucepan and cook for about 20 minutes.

Once boiling starts, add the pecans. Stir and cook the mixture until the liquid forms a soft ball when a little is dropped into cold water.

Stir well and then drop by spoonfuls on the waxed paper. I find it convenient to place a small table near the stove, over which I put a few sheets of newspaper and then put the waxed paper over that.