Pilot assisted channel tracking (PACT) has been very popular for channel estimation in OFDM systems. However, as the mobility in the system increases and one has to maintain a high accuracy in channel estimation, the pilot overhead typically has to be increased. Emerging cellular OFDM standards are expected to use about 6-12% pilot overhead per stream, and any possible reduction in pilot overhead would be useful. Decision directed channel tracking (DDCT) can help reduce pilot overhead, but is known to suffer from error propagation at high fade rates. In emerging broadband wireless systems promising peak bit rates of 50 Mbps or more, saving on pilot overhead by using DDCT schemes would be highly attractive provided: (a) Such a DDCT approach does not suffer from error propagation and has an error rate performance comparable to (or better than) PACT schemes even at high fade rates; (b) The computational complexity of such a DDCT approach is not significantly more than that of the MMSE based PACT scheme. In this work, we propose a low complexity DDCT method which exploits the structure of the regression matrix in conjunction with robust statistics to mitigate the effect of error propagation. It has a much lower computational complexity and a better error rate performance than the decision directed EM-Kalman and other existing robust statistics based DDCT schemes. The proposed method also outperforms a 12.5% pilot overhead based PACT scheme with only a modest increase in computational complexity. ©2009 IEEE.