Hey I'm new, but I do have a comment. When you say something in the present, "I am dreaming" this makes perfect since, so long as you don't say that when you accidently wake up in reality. Anyway. I have a suggestion. It has been shown that instead of saying "I" (talking to yourself in 1st person) is actually less as effective as using "You" (talking to yourself in 2nd person) this is because the subconsious mind reacts better if you speak to it (yourself) directly. So in final review... Perhaps you should revise it and say "(your name here), you are dreaming" or simply "you are dreaming" etc. Just my thoughts.

-Daniel