And if this is already possible, please let me know how.
In ProTools when you want to export audio/bounce, you can just click on a file and the locators will start when the file starts and end when the file ends. This is very easy and a quick way of selecting the part you want to export/mix down/bounce.
But in Cubase you have to manually move the left and right locators either by clicking on them or by holding down Ctrl and click the mouse for starting position and Alt+mouse click for ending position.
The ProTools way of doing this is much easier so hopefully you good people at Steinberg can look into this?