Hola Jami!
It has been quite a while. I have been busy, and I haven't read, or translated, many songs. I hope to start again.
Good translation. I just to tell you:
1. second verse - "quite" --> "quiet" (it repeats).
Third verse - Is it "that" or is it "who"?
Do you know that "traje de luces" is the bull fighter's costume? I think in English is "embroidered costume".
2. Second stanza says "because he leaves"/" but he never THINKS...".
3. "Volando" means "fast/quicly", but here, I think, it really means "flying": they wave their handkerchiefs when he is in the ring.
Esta canción es una rumba flamenca.