Ye -- This is from the second-person, plural form of the verb.

know  - (WT) The word translated as "Ye know" means primarily "to see" and is used to mean "know' as we use the word "see" to mean "know" in English. It is plural, address not just to the mother, but to the family. It is also in the tense indicating something completed in the past.

not  - The Greek word translated as "not" is the Greek negative used to deny objective facts, not opinions. It makes a negative statement of fact. This makes the sense of the previous word more like "see" because the subjective negative is used with verbs of thought.

what  - There word translated as "what" means "anything" or "anyone." It is in the present tense.

ye -- This is from the second-person, plural form of the verb.

ask.  - The verb translated as "you ask" has shades of meaning from "demand" to "claim." However, it is in a form where the subject acts on himself, "you ask of yourselves" or "for yourselves." 

missing "for yourselves"-- (WV) A phrase is necessary because the form of the previous verb is a middle voice, which means that the subject is to  act on "yourselves." "for yourselves" or "by yourselves."

Are -- This helping verb indicates the present tense of the verb..

ye -- This is from the second-person, plural form of the verb.

able  - The verb translated as "are you able" indicates having the power, strength, or desire to accomplish something.

to -- This "to" is added because the infinitive form of the verb requires a "to" in English.

drink  - The word "to drink" has a double meaning. "To drink" also means "to celebrate."

of -- (IW) There is nothing that can be translated as "of" in the Greek source.

the -- The word translated as "the" is the Greek definite article. The Greek article is much closer to our demonstrative pronouns ("this," "that," "these," "those") than the English "the." See this article for more. 

cup  - The word for "cup," it means "a drinking-cup," "a wine-cup," "a jar," and "a receptacle" for offerings in the temple.

that -- The word translated as "that" is a demonstrative pronoun, but it often acts as a pronoun, especially a connective pronoun introducing a dependent clause.

I  - -- The pronoun "I" is used here. Since, as the subject of the sentence, it is part of the verb, its explicit use accentuates who is speaking "I." Saying "I myself" captures this feeling in English.

missing "myself" -- (MW)  The subjective pronoun repeats the information in the verb so it should be repeated in English like "I myself."

shall -- - (WW) "Shall" is a Greek verb, which means "to be destined or likely to," "to be about to do something," or "to intend to" or "to have in mind to." This is not the future tense of the following verb, but the active verb in the clause. The following verb is an infinitive. Jesus only uses this verb in ten verses;

drink   - (WF) The word "to drink" has a double meaning. "To drink" also means "to celebrate." This is an infinitive, "to drink," the object of "destined."

of, -- (IW) There is nothing that can be translated as "of" in the Greek source.

and to be baptized with the baptism that I am baptized with?  -- (OS) There is nothing in the Greek that can be translated as "and to be baptized with the baptism that I am baptized with" in the source we use today but it does exist in the source that the KJV translators used.