More Scrunchies and First Attempt at Converting Knitting Pattern Hat

I've made a few more hair scrunchies 2 with Tutu yarn and the 3rd with Patons Twister ... I've been trying different pony tail holders inside both the Goody and also the polybands (I've found sometimes the regular Goody one's end up separating where they are joined).

Michelle had posted a link to a wonderful hand knit pattern for a Newborn Adjustable Hat ... I fell in love with this adorable hat so I am working on coverting it to a loom pattern. This is the first time I am trying to do this, and being that I'm fairly new to looming this is a challenge.

I am using CinDWoods Preemie Hat Loom. I want to try different cast-on and bind-off as well as adding a few more eyelets to make it gather a little nicer.

Any comments or suggestions would be greatly appreciated.