If you are wondering how I do all this! (PART 2)

Its been few weeks and I completely forgot to write you how I do all this!
By all this I mean stream/ play/ record my music and virtualy "send" it to your sound speakers.
As you may know, or wonder I play my music all live. No DJ'ing, no predefined or prerecorded (only for few field recordings or some audio files I might drop in). All you hear or have heard is a composition I improvised or composed on the go. Each set is a completely new song or composition that will never be repeated.
The Hardware part, I use a electric guitar or a bass plugged in my Phase 26 USB sound card which is used to record and play live guitar or bass sounds through Ableton Live. To control loops and record I use a Behringer BCD3000, a DJ Midi Controller which works perfectly for live control on what you do with the program. To play the piano, synthesizers and other type of noises I use a Korg nanoKey which is set on lower octave and a Miditech Midistart Music 49 USB Controler, which is on the higher octave. It's pretty easy to use both as you can use the nanoKey for basslines and the Miditech to play compositions or chords on the piano and synths. As you can say its all digital. Sadly can't really afford for a good analog synthesizer to play with.
On the software part, I use Ableton Live 8 together with some VST plugins I've found around. From the beginning of my set I start with a fresh New Live set, or I usually start with my "empty.als" file which contains 4 blank audio channels and 2 Midi Channels. As they are preset to work with my midi controller, this is faster way to predefine the buttons instead of having 3 minute radio silence. Audio channels are to record my guitar or bass loops, and the midi to loop and "record" the synthesizer. The music I create is pretty generative, as to say its slowly revolving around a composition or with time it develops into something different. To say its generative it revolves around the process of having many loops played alongside, as to which one is shorter than the other loop is longer than the previous. It creates this soundscape which changes with time, and you can improvise along it.