Depends on what you mean by "standing". Do you mean standing completely in place with no motion whatsoever? If so, then I don't think it's even possible. However, there are ways of doing it while dashing or doing a move. I will also explain 360 motion shortcuts, as I don't think it will take too long.
Yea, it is indeed tough to do, but it involves no buffering the motion from a jump or anything like that. I looked for vids of it in 3rd Strike, and I saw the standard use from a jump, a wakeup, and buffering from a parry. Either the clip doesn't exist anymore, or it isn't what I thought.
Either way, I'm not sure if these methods are valid in SFIV, as there is no parrying. Maybe focus canceling can factor into it?