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Diagnostic event 10046
Event 10046 can be used to trace SQL statements. Arguably, this is the most important event that can be set.
It is functionally equivalent to setting sql_trace = true. However, it allows to output extra details by setting the level to 4, 8 or 12.
This event can be set with any of the four following levels:
The following command shows bind variables in the trace file:
alter session set events '10046 trace name context forever, level 4';
After issuing this command, a trace file will be created.
Because event 10046 is somewhat special, there is a dedicated package procedure that allows to set that event: dbms_support.start_trace.
Faster tracing with 10g: Oracle 10g has a new view (v$sql_bind_capture) that captures bind variables faster than tracing them.
Format of the trace file
See this link.