does this 360 t chain look too loose?

Here is how I was taught.
[ame]http://i968.photobucket.com/albums/ae170/obe1kanoby/Tape2_zps502f9d94.png[/ame]

You start here.

[ame]http://i968.photobucket.com/albums/ae170/obe1kanoby/Tape_zps78f98eb2.png[/ame]

You end here. On the same side of the chain. Not switch measuring one side of the chain to the other. You include the width of the chain otherwise.