  The order of the post-Newtonian expansion needed, to extract in a reliable
and accurate manner the fully general relativistic gravitational wave signal
from inspiralling compact binaries, is explored. A class of approximate wave
forms, called P-approximants, is constructed based on the following two inputs:
(a) The introduction of two new energy-type and flux-type functions e(v) and
f(v), respectively, (b) the systematic use of Pade approximation for
constructing successive approximants of e(v) and f(v). The new P-approximants
are not only more effectual (larger overlaps) and more faithful (smaller
biases) than the standard Taylor approximants, but also converge faster and
monotonically. The presently available O(v/c)^5-accurate post-Newtonian results
can be used to construct P-approximate wave forms that provide overlaps with
the exact wave form larger than 96.5% implying that more than 90% of potential
events can be detected with the aid of P-approximants as opposed to a mere
10-15 % that would be detectable using standard post-Newtonian approximants.
