// To set selection a textfield, use the following;
var _textInput1:TextField = new TextField();
_textInput1.addEventListener(Event.CHANGE, handleTextChange, false, 0, true);
function handleTextChange(event:Event):void {
switch(event.target){
case _textInput1:
trace("input 1");
if(_textInput1.text.length == 2) {
stage.focus = _textInput2;
_textInput2.setSelection(0, _textInput2.text.length); // or second param equals 0 -> 0,0
}
break;
}
}