Abstract: The present invention relates generally to a high speed winding machine with angular rotary spindle, and a method for using the same. The present invention also relates generally to winding machines for winding a cable, and more particularly winding wire at higher speeds without the use, for example, of a reciprocating traverse. The high speed winding machine, primarily comprises of four major systems, namely, a frame assembly, a rotating traverse assembly, an angular spindle assembly, and a spindle drive motor assembly, having a spindle indexing system. A method of winding a wire or cable in a figure-8 pattern upon a mandrel by rotating the mandrel and winding the wire or cable thereon is also disclosed.