Fishless Cycling

Here's my current situation:

55-gallon tank
2 filters (Whisper 60 and Penguin 350 Bio-Wheel)
Aragonite substrate (oh my, I LOVE this stuff - it immediately buffered my pH to 8.2!)
Decorated (plastic plants, of course)
18" Bubble Wall
Temp is at a steady 82F for the cycling process

It's been up and running for a day now. I took the filter media from my established freshwater tank.....not thinking about the consequences of running it through brackish water, therefore probably killing all of the bacteria that was established on there.

I have read articles pertaining to using pure ammonia. There, you are to drop ammonia into it until it reaches around 5ppm. There, you're to keep it at 5ppm, and once the nitrites kick in, reduce the ammonia to half that amount.

My question is....what do you do when you do it the "natural" way? I have fish food (brine shrimp and freeze dried krill) in a little pantyhose, hanging at the top of the tank. Is that sufficient? When the ammonia eventually reaches 5ppm, am I supposed to remove it? Or leave it in there? If I remove it, I'd be removing any source of ammonia, correct?

UPDATES:

I didn't do the raw shrimp like everyone tells me to, and did the fish food in a stocking thing.
First day, I tested the water:
Ammonia: 0
Nitrites: 0
Nitrates: 0
Temp: 84F

Food has been rotting away....lovely slimy stuff seeping out of the stocking. Yum.
Tank has been running for a total of 3 days.

Tested the water this morning....and much to my surprise:
Ammonia: .25
Nitrites: .25
Nitrates: 0
Temp: 84F

I thought it took almost a month for a tank to cycle? Is it possible that the tank is cycling this fast? Or the bacteria on the established filter actually didn't die?

Alrighty then....tested the water again this morning (aka 15 minutes ago).

The parameters are as follows:
Ammonia: between 0 and .25 ppm
Nitrites: .25 ppm
Nitrates: between 5-10 ppm
Temp: 84F

I guess I just really don't know the pattern to a natural nitrogen cycle. It just seems a little too fast?

Also, noticed some more "gunky buildup" in my ammonia test (using the API Saltwater liquid tests). I would most likely assume that it's undissolved organics - phosphates? Since I'm on a very limited budget and can't afford to go out and buy a protein skimmer, would a product such as:
http://www.drsfostersmith.com/product/prod_display.cfm?c=3578+4136+8996&pcatid=8996
work as a a temporary solution until I can purchase a protein skimmer? Would it be best to rid phosphates now, during the cycling process, or wait until the fish are inhibiting the tank?

Or better yet - other than directly contributing to algae growth, are phosphates harmful to aquatic life?