The invention relates to a spinning process applicable to a novel high-speed spinning machine with an external winding device, and the process comprises the steps of adhesive measurement and feeding, filtration before spinning, filament forming, spinning and winding; filaments are heated and dried before the winding step. The spinning process is designed for the special spinning machine with the external winding device and at least one group of spinning rolls, and can achieve the purposes that the filaments are wound into wet pie-shaped filaments which can be directly used for twisting and have the water content of 30 percent to 80 percent in the external winding device, and/or wet cone filaments and/or wet spun filaments under the mutual action of all the procedures and the control of parameters. The spinning process applicable to the novel high-speed spinning machine with the external winding device can make sure the spinning speed of the spinning machine is high and meanwhile ensure the product quality, particularly the filaments are not polluted due to the fact that washing acid removing liquid and oil are dropped in a final winding and forming process, and a follow-up dyeing process is ensured; in addition, the operation of a worker is more convenient, the equipment maintenance is easier, the energy consumption is reduced, so that the product cost is greatly reduced while the production efficiency is effectively improved.