To watch the night parade there is one spot that Jon and I always choose.

It is facing the Castle from Liberty Square, at the bridge that goes over to the hub.

Let me show you:

There is normally a trash can right there, and you can stand right next to it to get great unobstructed views.

The castle in the background not only provides a nice backdrop, but also some extra lighting into your shots in order to make them clearer and less blurry or grainy.

This is also a good spot to watch the day parade.

Other good spots for both parades include right in front of the castle on the hub, facing the castle, and for the Electrical Parade, in front of the train station in Town Sq (with the station behind you). The station lights stays on during the parade, and again offers some lighting to help with those difficult night shots.

With the Electrical Parade, the second run each night is always MUCH less crowded, and is well worth staying later for to get those good shots.