that method will work fine, but im assuming the OP hasnt got a trolley jack? just the cars widow maker windup jobbie? if so, you can usually just have enough clearance to get both on the jack point as the jack is thin.
Put the jack to the left of the notch, and the axel stand to the right of the notch closest the wheel (working on o/s/f or n/s/r)
other method is to use the jacking point for the jack, then place the axel stand under the subframe/wishbone mount/bolt