  In this paper we deal with the measurement of the parameters of the
gravitational wave signal emitted by a coalescing binary signal.
  We present the results of Monte Carlo simulations carried out for the case of
the initial LIGO, incorporating the first post-Newtonian corrections into the
waveform. Using the parameters so determined, we estimate the direction to the
source. We stress the use of the time-of-coalescence rather than the
time-of-arrival of the signal to determine the direction of the source. We show
that this can considerably reduce the errors in the determination of the
direction of the source.
