If you want to get real technical you would remove the shocks. Then move the wheel until the the centers of the front sprocket, swing arm pivot, and rear axle are in a perfectly straight line. This is the point that the chain is at it's tightest. It will be looser at every other position. Adjust here (use the same method I described above) to have about 3/4" play. Now put the shocks back on and measure the play. What ever this new measurement is, paint it on the garage wall to remember it. Afterward adjust to this figure.
At least check it with you sitting on the bike. Your weight will bring the three centers nearly in line. Also, this is the way you normally ride the bike, so the adjustment will better reflect real world conditions.