Both Photoshop will automatically use the monitor profile that is chosen as the "default" for the operating system that you use. Use your calibrator and assign that profile to be the default in your operating system.
Thanks, I will try that. Would you happen to know why other applications look fine though?
First of all, Photoshop and Lightroom are fully color managed applications that will actually use the monitor profile to display the image.Many other applications (viewers/browsers) are not and will just ignore it. So there's a difference right there.
That said, when you get that message in Photoshop, it means exactly what it says. That profile is bad and should not be used.
The real solution is to use a calibrator to make a new custom profile for your monitor. Until you get that up and running, use sRGB IEC61966-22.1 as monitor profile. You set this up in Control Panel > Color Management > Devices:
Thank you. That helps me understand the system better. I see now that it will just not be right though until get my calibrator.