Once connected you gotta configure the two Ethernet adapters to be able to communicate.
Right-punch your Ethernet machine and select properties.
In the adapter properties, double choose Internet Protocol Version 4 (TCP/IPv4).
Set the IP address to be 192.168.0.1 and the subnet mask to be 255.255.255.0 on the first equipment.
Apply the changes by clicking ok until youre back to the list of connection adaptors.
Configure and IP address and subnet mask.
Once both computers are connected and have IP addresses assigned.
Go back to data pipe and Sharing Center and hit Change advanced sharing configs on the left-hand side.
Ensure web connection discovery is enabled.
If you want to connect to a game, web or FTP server this should now work.
You will also need to configure the files and folders to be shared.