The first parade comes down mainstreet from Small world towards the entrance. The floats then turn around, and for the second parade, they go up mainstreet back to Small World. If there is only one parade then it comes from small world. If for some reason there were more than 2 of the same parade it would continue to alternate, from Small world, to small world, from small world, etc. By the way, I think the floats stop in pretty much the same locations, so for the first parade, if you were in a location that the second float stopped at, then if you were in roughly the same stop, I think you would be near the second to the last parade. Unfortunately I've never been in the same spot for the first and second parades of the day to tell you for sure.