First you need to determine from what voltage you want to power your LED. Let's say you want to power it from 5V:

Uf = forward voltage / If = forward current / Usup = voltage of power supply / Rled = current limiter resistor

Uf = 1,5V, If = 130mA as given in the datasheet

Usup = 5V

First we calculate how many volts we have to get rid of:

Udrop = Usup - Uf

Udrop = 5V - 1,5V

Udrop = 3,5V

Then you need to calculate the current limiter resistor:

R = U / I

Rled = Udrop / If

Rled = 3,5V / 0,13A

Rled = 26,92R

The closest E value is 27R, so you choose that one.

Then we need to know what power the resistor needs to dissipate:

P = U * I

P = Udrop * If

P = 3,5V * 0,13A

P = 0,455W

So for a supply voltage of 5V you need a 27R 0,5W resistor for this particular LED with the chosen forward current If=130mA.

PS: I wrote U instead of V for voltage because that's the norm in Germany. Don't get confused by it, it's just ingrained in me.