Can one have lucid realization but no control/awareness /

Last night at 3.30am, i woke up having a dream where i was at a beach with friends and relatives. Suddenly, a rogue tidal wave ( as in the movie poseidon ) which was around a mile high, appears. As soon as terror builds, i yell to myself that this is just a dream and it is not real (the dream). As i say that, the wave just makes a splash and i go about doing the thing i was doing in my dream.

Why didn't i become aware and came in control of my dream ? Has anyone had this kind of experience where you only realize that you are dreaming but not become totally aware and in control ?

Let me make two things clear. :)
Awareness = Realizing that this is a dream, and
Control = Being able to manipulate things, be it your own body.

You can have either of the two while not having the other. I had this LD once in which I only knew it was a dream, but just went along with it and had no control.

There are many levels/stages of lucidity. I often have lucid dreams yet lack the ability to direct even the most simple activity - nevertheless I am full conscious of my experience as it happens. This is the nature of dreaming - it is volatile and unpredictable. We do not own the dreamscape - we participate in it. The more you become lucid and the more you relax into it the more likely that you will gain a greater and more subtle degree of control.

I've had lucids like that. MILD teks get that result sometimes for me. I remember realizing I was in a dream and tried to hit whoever the villain in the story with a huge psychic blast but was only able to just kind of fight him. It was kind of weird knowing I was dreaming and tried to use my "power" and not being able to.