SQL Server Profiler cannot replay the following kinds of traces:
Traces that contain transactional replication and other transaction log activity. These events are skipped. Other types of replication do not mark the transaction log so they are not affected.
Traces that contain operations that involve globally unique identifiers (GUID). These events will be skipped.
Traces that contain operations on text, ntext, and image columns involving the bcp utility, the BULK INSERT, READTEXT, WRITETEXT, and UPDATETEXT statements, and full-text operations. These events are skipped.
Traces that contain session binding: sp_getbindtoken and sp_bindsession system stored procedures. These events are skipped.
If you do not use the preconfigured replay template (TSQL_Replay), and do not capture all required data, SQL Server Profiler does not replay the trace. For more information, see Replay Requirements.
For information about what permissions are required to replay a trace, see Permissions Required to Run SQL Server Profiler.
SQL Server Event Class Reference
BULK INSERT (Transact-SQL)