Is it possible to install windows XP using external hard drive?

[bruvvamoff]

Just upgraded all my hardware and windows needs reinstalling to reconfigure.
Trouble is my existing dvd drives are IDE and my new motherboard has no IDE port.
I have a copy of windows on an external hard drive. Is it possible to plug it into a USB port and use the external to install XP onto the internal? I'd rather not have to buy a Sata DVD drive.

Asus P8Z68-v-lx (with a fancy BIOS)
i7 2700K
4 x 4GB 1600mhz Vengeance
Seagate HD501LJ
Seagate HD400LJ
Genesis 500GB External
Windows XP Pro 64bit
2 x now useless IDE DVDRW

 

[PhilFrisbie]

Yes, just Google install xp from usb drive. That USB drive can either be a hard drive or a flash drive.