BuddyPress.org

Okay guys I went to the wordpress settings page and check the box which says anyone can register and now i go this nice side bar on my site as it is in the picture below which allows my front-end users to login and register but the problems I am facing with this is that if user types the wrong password, then wordpress takes them to it’s old fashion page where they see that login box and it says I am not accepting the password and my users from there have to reset password and so on. So my objectives are as follow:

Sorry for not being so clear but my objectives are:

1.) add a reset username/password fields to appear in sidebar instead of going to wp-login page.
2.) if the username/password were wrong, link it back to my own page and saying its wrong instead of going to wp-login page.

Here are the links to my pictures which explains my problem.

Image 1: http://imageshack.us/photo/my-images/825/picture1whatididwas.jpg/
Image 2: http://imageshack.us/photo/my-images/401/picture2whatiwantis.jpg/
Image 3: http://imageshack.us/photo/my-images/607/twant.jpg/