I have managed to resolve the issue, I solved it by following this link’s suggestion:
http://www.mattbutton.com/2011/06/01/sql-profiler-templates-missing/
The following comes from the link:
If you are connecting to a SQL server with the SQL profiler and none
of your templates are showing up, compare the versions of the SQL
profiler you are running and the version of SQL server that you’re
connecting to; there is likely a version mismatch.If this is the case, what’s likely happening here is that you’re
connecting to a SQL 10.50 instance with a SQL 10.0 profiler and the
profile templates for 10.50 aren’t present.In the case of the profiler from SQL 2008 connecting to a SQL 2008 R2
instance, copy your 100 profile templates folder (default install is
at C:\Program Files (x86)\Microsoft SQL
Server\100\Tools\Profiler\Templates\Microsoft SQL Server\100) into a
new folder in the same location with the name “1050″ i.e. C:\Program
Files (x86)\Microsoft SQL
Server\100\Tools\Profiler\Templates\Microsoft SQL Server\1050.Then try to reconnect, and you’ll have access to the profile templates
and everything will work fine.