Hi,
there are two parades during the christmas season - Christmas parade and the fantillusion parade. The christmas parade was at 4.30pm and the fantillusion parade was at 7pm when I was there last week (18th -21st). however, i am sure they have changed the time for both of the parades now since the opening hours for the park is longer now.
have a look at www.disneylandparis.com for the latest parade times.
have a good trip!
We went to DLP lase week and saw the Christmas parade at 4pm, the Enchanted Ceremony at 5.30pm and the Fantillusion at 7pm. They're all great but I preferred the Fantillusion. My daughter (4.5 years old) loved the Enchanted Ceremony as it didn't have the baddies in